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Definition of MSME

As per MSMED Act-2006, following enterprises whether Proprietorship, Hindu Undivided Family, Association of persons, Co-operative Society, Partnership, Undertaking or any other legal entity by whatever name called - in case enterprise engaged in the Manufacturing or Production of Goods pertaining to any industry as per First Schedule to the Industries (Development & Regulation) Act 1951as-

  • Micro Enterprises: in which the investment in fixed assets in plant and Machinery does not exceed Rs. 25 Lacs (Rupees Twenty Five Lacs Only)
  • Small Enterprises : in which the investment in fixed assets in plant and Machinery is more than Rs. 25 Lacs (Rupees Twenty Five Lacs Only) but does not exceed Rs. 5 Crore.
  • Medium Enterprises : in which the investment in fixed assets in plant and Machinery is more than Rs. 5 Crore. but does not exceed Rs. 10 Crore.

In case of Enterprises engaged in providing or Rendering Services as-

  • Micro Enterprises: in which the investment in fixed assets in plant and Machinery does not exceed Rs. 10 Lacs (Rupees Ten Lacs Only)
  • Small Enterprises : in which the investment in fixed assets in plant and Machinery is more than Rs. 10 Lacs (Rupees Ten Lacs Only) but does not exceed Rs. 2 Crore.
  • Medium Enterprises : in which the investment in fixed assets in plant and Machinery is more than Rs. 2 Crore. but does not exceed Rs. 5 Crore.

WORLD TRADE ORGANISATION (WTO)

With the policy of globalisation and opening of economy, the Govt. of India has adopted a number of safety measures for the smooth functioning of small scale sector an important pillar of indian economy. Hence Programme on WORLD TRADE ORGANISATION (WTO) sensitisation are organized in the interest of MSME Sector

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