Msme
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 June 2012
is there any difference MSME AND SSI ( SMALL SCALE INDUSTRY )
PLEASE TELL ME.
PLEASE TELL ME.
RAMESH KUMAR VERMA
(Expert)
18 June 2012
In India, �small and medium enterprises� (SME) is a generic term used to describe small scale industrial (SSI) units and medium-scale industrial units. Any industrial unit with a total investment in its fixed assets or leased assets or hire-purchase asset upto Rs10 million is considered as a SSI unit and investment upto Rs. 100 million is considered as a medium unit. In addition, an SSI unit should neither be a subsidiary of any other industrial unit nor can it be owned or controlled by any other industrial unit.
MSME
An MSME (Micro, Small and Medium Enterprise) is defined by RBI/GOI differently for the Manufacturing and the Services Sector, as follows:
Manufacturing Sector
Manufacturing sector refers to enterprises engaged in manufacture or production, processing or preservation of goods. The definition of Micro, Small and Medium Enterprises under the manufacturing sector is based on the Investment in plant and machinery [original cost excluding land and building] and the items specified by the Ministry of Small Scale Industries vide its notification No. S.O. 1722(E) dated October 5, 2006
MUST read:
https://www.ntrees.in/html/what-is-msme.htm
MSME
An MSME (Micro, Small and Medium Enterprise) is defined by RBI/GOI differently for the Manufacturing and the Services Sector, as follows:
Manufacturing Sector
Manufacturing sector refers to enterprises engaged in manufacture or production, processing or preservation of goods. The definition of Micro, Small and Medium Enterprises under the manufacturing sector is based on the Investment in plant and machinery [original cost excluding land and building] and the items specified by the Ministry of Small Scale Industries vide its notification No. S.O. 1722(E) dated October 5, 2006
MUST read:
https://www.ntrees.in/html/what-is-msme.htm
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