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About VIEC (Vibrant India Economic Council)

Vibrant India Economic Council is an emerging non-profit association that represents a diverse range of MSMEs, namely individuals, manufacturers, traders, service providers, rural and cottage industries, independent professionals, consultants, sportsman, artists and other entities. Self-reliance, sustainability, affirmative action, skill training, and women entrepreneurship is our primary goal with an objective to contribute to the growth of the Indian economy and facilitate it become one of the largest economies in the world.
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MSME Schemes

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What is MSME ?

MSMEs in India are classified into three categories as micro, small and medium enterprises, which operate into two brief activities namely Manufacturing and Services. Manufacturing enterprises are engaged in the production or manufacture of goods, while Service enterprises are engaged in the provision of services. The government has defined the classification criteria based on their Capital Investment in plant and machinery or equipment and turnover criteria.

MSME Classification:

Micro, Small and Medium Enterprises (MSMEs) are the backbone of the Indian economy, accounting for a significant share of the country's industrial production, employment, and exports. The sector comprises enterprises engaged in manufacturing, processing, or preservation of goods as well as providing services, with an investment in plant and machinery or equipment up to Rs. 50 crore and an annual turnover up to Rs. 250 crores.

Micro

  • Investment: Up to Rs. 2.5 Cr
  • Turnover: Rs. 10 Cr whichever is earlier.

Small

  • Investment: Up to Rs.25 Cr
  • Turnover: Rs. 100 Cr whichever is earlier.

Medium

  • Investment: Up to Rs. 125 Cr
  • Turnover: Rs. 500 Cr whichever is earlier.
Initiatives by Government for MSME

Initiatives by Government for MSME

The Indian government has undertaken several initiatives to promote the growth of the MSME sector. These include schemes like PMEGP, CGTMSE, NSIC, TEQUP, CLCSS, CDP, and others.

MSME Share in GDP & Employment

MSME Share in GDP & Employment

As per the latest available data, there are over 63 million MSMEs in India, employing over 110 million people contributing upwards of 30% to the country's GDP. The sector is a key driver of growth and plays a crucial role in the country's economic development.

Member Name

Shri Maehesh Tapasey

Chairman – Vibrant India Economic Council

Member Name

Mr. Manoj R Patil

Director Policy & Research

Member Name

CA Pawan N Kolte

Non-Executive Director

Member Name

Adv. Ashish Fule

Non-Executive Director

Our Team Structure

Client Testimonials

Hear what our clients have to say about their experience with VIEC and how we've helped them navigate the MSME landscape.

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I am really pleased to see the range of specialist on a single form. This certainly looks like a Single Point Solution to all the issues faced by MSME Sector.

K

Kashyap Parikh

Business Owner

★★★★★