What is MSME?It means an industrial undertaking or a business concern or any other establishment, by whatever name called, engaged in the manufacture or production of goods, in any manner, pertaining to any industry specified in the First Schedule to the Industries (Development and Regulation) Act, 1951 or engaged in providing or rendering of any service or any services and includes a proprietorship, Hindu Undivided Family, Association of persons, co-operative society, partnership firm, Company or any other undertaking by whatever name called, who have filed their Memorandum with the specified authority and falling within the limits as given below:
Manufacturing Sector(Investment in plant and machinery) | Service Sector(Investment in Equipment) |
Micro Enterprises |
Does not exceed twenty-five lakh rupees | Does not exceed ten lakh Rupees |
SmallEnterprises |
More than twenty-five lakh rupees but does not exceed five crore rupees | More than Ten Lakh Rupees but does not exceed two crore rupees |
Medium Enterprises |
More than Five Crore Rupees but does not exceed ten crore rupees | More than two crore rupees but does not exceed five crore rupees |