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MSME Policy>Definitions |
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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 defined in terms of investment and are 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
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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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