Micro, Small & Medium Enterprises – The Engine of inclusive growth & development
The registration under Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 is for facilitating the promotion and development and enhancing the competitiveness of Micro, Small and Medium enterprises.
What are Micro, Small and Medium enterprises?
The following slabs have been prescribed under the MSMED Act to determine the status of the Enterprise:
|No.||Type of Enterprise||Manufacturing Industry
(Investment in Plant and Machinery)
(Investment in Equipments)
|1||Micro||Does not exceed Rs. 25 Lakh||Does not exceed Rs. 10 Lakh|
|2||Small||Exceeds Rs. 25 Lakh but does not exceed Rs. 5 Crore||Exceeds Rs. 10 Lakh but does not exceed Rs. 2 Crore|
|3||Medium||Exceeds Rs. 5 Crore but does not exceed Rs. 10 Crore||Exceeds Rs. 2 Crore but does not exceed Rs. 5 Crore|
Provisional Registration: Provisional registration is granted to a unit at its pre- investment period to enable it to take necessary steps to apply for financial credit, land or an industrial set, water, power or telephone connections, etc.
Permanent / Final Registration : A provisionally registered industrial unit when it is about to go into production is to apply for grant of Permanent / Final Registration. An existing and functioning industrial unit is eligible to apply for Permanent / Final Registration without going into provisional registration processes.