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)

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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