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WHAT IS MSME/SSI Registration?

UserPost

7:41 am
October 10, 2018


entersliceindia

Member

posts 6

1

MSME means Micro, Small and Medium Enterprise and under the MSMED Act, 2006 it is mainly classified into two types:

  1. 1.      MANUFACTURING SECTOR: The enterprises which are engaged in manufacture or production of goods or investment in plant & machinery for processing of final product which has a distinct name or use.

 

  • Micro Enterprises: Investment in plant & machinery should not exceed Rs.25 lakhs.
  • Small Enterprises: investment in plant & machinery should not exceed Rs.5 crores.
  • Medium Enterprises: The investment in plant & machinery should not exceed Rs. 10 crore.

 

  1. 2.      SERVICE SECTOR: The enterprises which are engaged in providing or rendering of services are covered under this.

 

  • Micro Enterprises: Investment in equipment’s should not exceed Rs. 10Lakhs
  • Small Enterprises:Investment in equipment’s should not exceed Rs. 2 crores
  • Medium Enterprises: Investment in equipment’s should not exceed Rs. 5 crores

SSI is one of the most important sector of the Indian economy. They contribute maximum to the country GDP in terms of exports and employment generation. 

More info visit https://enterslice.com/msme-registration



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