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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

Upto Rs 25 lacs

Small

Above Rs 25 lacs upto Rs 5 Crores

Medium

Above Rs 5 Crores Upto Rs 10 Crores

 
Service Sector
Enterprises Investment in equipments

Micro

Upto Rs.10 lacs

Small

Above Rs.10 lacs upto Rs.2 Crores

Medium

Above Rs.2 Crores upto Rs.5 Crores

 
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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