Important to Know
Important to Know
An enterprise shall be classified as a micro, small or medium
enterprise on the basis of the following criteria, namely: --
-
(i) a micro enterprise, where the investment in plant
and machinery or equipment does not exceed one crore
rupees and turnover does not exceed five crore rupees;
-
(ii) a small enterprise, where the investment in plant
and machinery or equipment does not exceed ten crore
rupees and turnover does not exceed fifty crore rupees; and
-
(iii) a medium enterprise, where the investment in
plant and machinery or equipment does not exceed fifty
crore rupees and turnover does not exceed two hundred and
fifty crore rupees.
For the detailed legal framework for classification of MSMEs and Procedure for their Registration
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