The Micro, Small and Medium Enterprises (MSMEs) in India have undergone a vast development in the last five decades. The MSMEs have registered tremendous growth as also progress in terms of quality production, exports, innovation, product development and import substitution. Entrepreneurial efforts have made it possible to produce a number of items, which hitherto were imported. In quite a few cases new variants so produced are having additional attributes than their original versions and are capable of solving a multitude of user problems. The Indian entrepreneurs are very creative and innovate new products and process as well as provide innovate services to remain competitive in domestic and global market. This has become possible to encourage such innovative efforts and promote this spirit in larger interest of qualitative development of MSME. The Ministry of MSME recognize these entrepreneurs for their outstanding performance and by conferring awards motivate and encourage them.
Periodicity & Eligibility
The MSMEs should have been in continuous manufacturing /services for last four years. The awards will be given for each year to deserving Micro, Small & Medium Enterprises which have Udyog Aadhaar Memorandum (UAM). MSMEs would also register in MSME Databank, web portal: www.msmedatabank.in (click on register and then MSME) before submission of their application. Registration at MSME Databank is mandatory for MSMEs even if they have earlier obtained UAM.
For more details click here: National Award