MSME
Micro, Small and Medium Enterprises (MSME) are considered as the engine of growth and backbone of Indian Economy. They are the engine of economic growth promoting equitable development for all. To support such essential business enterprises the Government of India has enacted an act called Micro, Small and Medium Enterprises Development Act, 2006 (MSMED Act,2006). The main object of which is to facilitate the promotion and development and enhance the competitiveness of Micro, Small and Medium Enterprises .
To support such enterprises the government of India offers various schemes, subsidies and incentives. To get benefited by such schemes of the government it is mandatory to be registered as a Enterprise under the Micro, Small and Medium Enterprises Development Act, 2006. Both Manufacturing and Service sector enterprises can get registered under the act.
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Investment Limit (in INR) |
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Plant and Machinery |
Equipment |
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Micro Enterprise |
Not more than Rs.25,00,000 (Rupees Twenty Five Lakhs only). |
Not more than Rs.10,00,000 (Rupees Ten Lakhs only). |
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Small Enterprise |
Rs. 25,00,000 (Rupees Twenty-Five Lakhs only) to 5,00,00,000 (Rupees Five Crores only). |
Rs. 10, 00, 000 (Rupees Ten Lakhs only) and 2,00,00,000 (Rupees Two Crores only). |
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Medium Enterprise |
Rs. 5,00,00,000 (Rupees Five Crores only) to 10,00,00,000 (Rupees Ten Crores only). |
Rs. 2,00,00,000 (Rupees Two Crores only) to Rs. 5,00, 00,000 (Rupees Five Crores only). |