Thursday, 17 December 2020

MSME Classification

*MSME CLASSIFICATION*

πŸ‘‰ *MICRO ENTERPRISES* Investment in Plant & Machinery does not exceed Rs.1 crore and turnover Rs.5 crores.
πŸ‘‰ *SMALL ENTERPRISES* Investment in Plant & Machinery does not exceed Rs.10 crores & turnover upto Rs.50 crores.
πŸ‘‰ *MEDIUM ENTERPRISES* Investment in Plant & Machinary does not exceed Rs.50 Crores & Turnover Rs.250 Crores.


*Calculation of Investment in plant and machinery or equipment*

πŸ‘‰Include all tangible fixed assets other than Land and building, furniture and fittings.
πŸ‘‰ Purchase value of a plant and machinery or equipment old or new excluding GST.
πŸ‘‰ Cost of pollution control , cost of research & Developement , Industrial safety devices and such other items to be excluded.

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