What are Micro, Small and Medium enterprises?
The following slabs have been prescribed under the MSMED Act to determine the status of the Enterprise:
No. | Type of Enterprise | Manufacturing Enterprises (Investment in Plant and Machinery) | Service Industry (Investment in equipment) |
1. | Micro | Does not exceed Rs. 25 Lakh | Does not exceed Rs. 10 Lakh |
2. | Small | Exceeds Rs. 25 Lakh but does not exceed Rs. 5 Crore | Exceeds Rs. 10 Lakh but does not exceed Rs. 2 Crore |
3. | Medium | Exceeds Rs. 5 Crore but does not exceed Rs. 10 Crore | Exceeds Rs. 2 Crore but does not exceed Rs. 5 Crore |