Udyogadhaar

According to the Micro, Small & Medium Enterprises Development (MSMED) Act, 2006,

MSME stands for Micro, Small & Medium Enterprises Development and is classified into

two sections, namely, the manufacturing section and the service section. Manufacturing

Enterprises are those that are engaged in the manufacture or production of goods or employing

plant and machinery in the process of value addition to the final product having a distinct name

or character or use. Service Enterprises are those that are engaged in providing or rendering of

services and are defined in terms of investment in equipment. MSMEs are primarily labour oriented.

In the manufacturing sector, micro enterprises are those with an investment of that less than 25lakhs

in plant and machinery. Small enterprises are those with an investment of that less than Rs 5crore in

plant and machinery. Medium enterprises are those with an investment of that less than Rs.10crores

in plant and machinery.In the service sector, micro enterprises are those with an investment of that less

than Rs. 10lakh in equipment. Small enterprises are those with an investment of that less than Rs. 2crores

in equipment. Medium enterprises are those with an investment of that less than Rs. 5crores in equipment.

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