What is MSME?

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MSME2019
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What is MSME?

Postby MSME2019 » Tue Jan 08, 2019 2:14 am

The Government of India has enacted the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 in terms of which the definition of micro, small and medium enterprises is as under:

Enterprises engaged in the manufacture or production, processing or preservation of goods as specified below:
A micro enterprise is an enterprise where investment in plant and machinery does not exceed Rs. 25 lakh;
A small enterprise is an enterprise where the investment in plant and machinery is more than Rs. 25 lakh but does not exceed Rs. 5 crore;
A medium enterprise is an enterprise where the investment in plant and machinery is more than Rs.5 crore but does not exceed Rs.10 crore.
I have just found a website where you can find more about MSME https://msmeregistrations.com/
I hope it will help you!

MSME2019
Posts: 2
Joined: Tue Jan 08, 2019 1:57 am
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Re: What is MSME?

Postby MSME2019 » Tue Jan 08, 2019 2:16 am

Enterprises engaged in providing or rendering of services and whose investment in equipment (original cost excluding land and building and furniture, fittings and other items not directly related to the service rendered or as may be notified under the MSMED Act, 2006 are specified below.
A micro enterprise is an enterprise where the investment in equipment does not exceed Rs. 10 lakh;
A small enterprise is an enterprise where the investment in equipment is more than Rs.10 lakh but does not exceed Rs. 2 crore;
A medium enterprise is an enterprise where the investment in equipment is more than Rs. 2 crore but does not exceed Rs. 5 crore.

madaboutdm1719
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Re: What is MSME?

Postby madaboutdm1719 » Tue Jan 08, 2019 3:23 am

Well Micro Small and Medium Enterprises is the full form. But, what exactly are you looking for?
Digital Marketing Agency at MadtoKnow


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