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Thread: What is the definition of MSME?

  1. #1
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    What is the definition of MSME?

    Micro (M) Small (S) Medium (M) Enterprises or Industries.

  2. #2
    A micro-business, also commonly known as a micro-enterprise, is a business with less than five (5) employees and includes self-employed individuals. Micro-businesses make up a large proportion of SME's within Australia, and are a very significant force in the Australian economy.
    In India 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://www.msmeregistrations.com
    I hope it will help you!

  3. #3
    Administrator scott's Avatar
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    The Red Tea Detox
    well there's some random information for us all
    I hope we can all sleep tight now haha

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