Friday, November 15, 2013
Thursday, October 31, 2013
MSMEs Definition in India
Definition of Micro, Small and Medium Enterprises (MSMEs) under the MSME Development Act, 2006 on the basis of their capital investment:
The manufacturing MSMEs are defined as;
Micro (less than Rs. 2.5 million), Small (between Rs. 2.5~ 50 million) and Medium (between Rs. 50~100 million)
The corresponding thresholds for service MSMEs are:
Micro (less than Rs. 1 million), Small (between Rs. 1.0~ 20 million) and Medium (between Rs. 20~50 million)
The manufacturing MSMEs are defined as;
Micro (less than Rs. 2.5 million), Small (between Rs. 2.5~ 50 million) and Medium (between Rs. 50~100 million)
The corresponding thresholds for service MSMEs are:
Micro (less than Rs. 1 million), Small (between Rs. 1.0~ 20 million) and Medium (between Rs. 20~50 million)
Number of MSMEs in India
MSME Census (2006-07) reported that there were 36.17 million MSME units employing over 80 million people producing a gross output of Rs. 13.5 trillion.
Accordingly for year 2011-12, the corresponding figures projected by Ministry of MSME are 44.7 million units, employing 101 million people with gross output exceeding Rs. 18.3 trillion
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