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Definitions of Micro, Small &
Medium Enterprises |
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In accordance with the provisions
of Micro, Small & Medium Enterprises Development (MSMED) Act, 2006,
the Micro, Small and Medium Enterprises (MSME) are classified into
two Classes: |
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(a) |
Manufacturing Enterprises:
The enterprises engaged in the manufacture or production of goods
pertaining to any industry specified in the first schedule to the
industries (Development and regulation) Act, 1951). The
Manufacturing Enterprise are
defined in terms of investment
in Plant & Machinery. |
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(b) |
Service
Enterprises: The
enterprises engaged in providing or rendering of services and are
defined in
terms of investment in equipment. |
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The limit for investment in
plant and machinery / equipment for manufacturing / service
enterprises, as notified,
vide S.O. 1642(E) dtd.29-09-2006
are as under: |
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Manufacturing Sector |
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Enterprises |
Investment in Plant & Machinery |
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Micro
Enterprises |
Does not exceed twenty five lakh rupees. |
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Small Enterprises |
More than twenty five lakh rupees but
does not exceed five crore rupees. |
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Medium Enterprises |
More than five crore rupees but does not
exceed ten crore rupees. |
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Service Sector |
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Enterprises |
Investment in Equipments |
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Micro Enterprises |
Does not exceed ten lakh rupees. |
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Small Enterprises |
More than ten lakh rupees but does not
exceed two crore rupees. |
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Medium Enterprises |
More than two crore rupees but does not
exceed five core rupees. |
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