The classification of Micro, Small and Medium Enterprises is defined under the MSMED Act 2006. The enterprises are classified in Manufacturing and Service enterprises, based on the investment in plant and machinery (excluding land and building) the classification of Micro, Small and Medium Enterprises is given below:
Manufacturing Enterprises |
Investment Level |
Service Enterprises |
Investment Level |
Micro |
Upto Rs.25 Lakh |
Micro |
Upto Rs.10 Lakh |
Small |
Above Rs.25 Lakh and Upto Rs.5 Crore |
Small |
Above Rs.10 Lakh and Upto Rs.2 Crore |
Medium |
Above Rs.5 Crore and Upto Rs.10 Crore |
Medium |
Above Rs.2 Crore and Upto Rs.5 Crore |