Micro, Small and Medium Enterprises (MSMEs) are businesses categorized based on their size, which is determined by the number of employees and annual revenue. Micro enterprises typically have fewer than 10 employees, small enterprises have between 10 and 50 employees, and medium enterprises have between 50 and 250 employees. MSMEs play a crucial role in the economy by creating jobs and fostering innovation. These enterprises contribute significantly to economic growth and development, especially in developing countries. They often provide essential goods and services, support local communities, and promote entrepreneurship. Governments and organizations frequently implement policies to support and enhance the growth of MSMEs.