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Go to the Setup > Master Column setting Tab > Edit > Select Vendor Master > select the MSME checkbox. Once updated then it can be visible on the Vendor master page. 
 

Small MSME enterprises –These are enterprises whose investment is less than Rs. ten crores and whose annual turnover is also less than Rs. fifty crores.

Medium MSME enterprises – These are the enterprises whose investment is less than twenty crores, and whose annual turnover is less than 200 crore rupees.