As per Micro small Medium enterprises development act 2006 MSME’s are classified in to Two Main classes,
1. Manufacturing Sector: Enterprises engaged in manufacture or production of goods and eligibility is depends on amount of investment in plant in machinery.
2. Service sector: Enterprises engaged in Services and the eligibility is based on the investment in equipment .
1. Manufacturing Sector: |
|
Micro Enterprises |
Investment in plant and Machinery does not Exceeds 25 Lakh Rupees |
Small Enterprises |
Investment in plant and Machinery from 25 lakhs to 5 Crore Rupees |
Medium Enterprises |
Investment in plant and Machinery from 5 Crores to 10 Crore Rupees. |
2. Service sector: |
|
Micro Enterprises |
Investment in plant and Machinery does not Exceeds 10 Lakh Rupees |
Small Enterprises |
Investment in plant and Machinery from 10 lakhs to 2 Crore Rupees |
Medium Enterprises |
Investment in plant and Machinery from 2 Crores to 5 Crore Rupees. |