Important to Know
Important to Know
An enterprise shall be classified as a micro, small or medium
enterprise on the basis of the following criteria, namely: --
-
(i) a micro enterprise, where the investment in plant
and machinery or equipment does not exceed one crore
rupees and turnover does not exceed five crore rupees;
-
(ii) a small enterprise, where the investment in plant
and machinery or equipment does not exceed ten crore
rupees and turnover does not exceed fifty crore rupees; and
-
(iii) a medium enterprise, where the investment in
plant and machinery or equipment does not exceed fifty
crore rupees and turnover does not exceed two hundred and
fifty crore rupees.