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MSME  MSME Overview  MSME Definition
Link To: Union Million
MSME Definition
Features
In accordance with the provision of Micro, Small & Medium Enterprises Development (MSMED) Act, 2006 the Micro, Small and Medium Enterprises (MSME) are classified in two Classes:
 
(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 Enterprises are defined in terms of investment in Plant & Machinery.
 
(b) Service Enterprises: The enterprises engaged in providing or rendering of services and are defined in terms of investment in equipment.
 
Manufacturing Sector
Enterprises Investment in plant & machinery
Micro Investment in plant and machinery less than Rs 25 lac
Small Investment in plant and machinery over Rs 25 lac but not exceeding Rs 5 Cr
Medium Investment in plant and machinery over Rs 5 Crores but less than Rs 10 Cr
 
Service Sector
Enterprises Investment in equipments
Micro Does not exceed ten lakh rupees:
Small IMore than ten lakh rupees but does not exceed two crore rupees
Medium More than two crore rupees but does not exceed five core rupees
 
We are doing business from last three years with UNION BANK OF INDIA, C. G. Road Branch.
Link To: Union High Pride
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