Micro, Small & Medium Enterprises |
- Government of India enacted "Micro Small and Medium Enterprises Development Act, 2006"
- As per the Act, MSME Units are classified as under:
| Enterprise |
Investment in Plant & Machinery (Manufacturing Units) |
Investment in Equipment
(Service Enterprises) |
| Micro |
Up to Rs. 25 lacs |
Up to Rs. 10 lacs |
| Small |
Above Rs. 25 lacs up to Rs. 5 crore |
Above Rs. 10 lacs up to Rs. 2 crore |
| Medium |
Above Rs. 5 crore up to Rs. 10 crore |
Above Rs. 2 crore up to Rs. 5 crore |
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- SMEs have to file Entrepreneur's Memorandum (EM) to District Industries Centre of the district in which the project is proposed to be located, for starting a project
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