Whether SSI and MSME is same or not?
If they not same what is difference between them?
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Ssi and msme
Replies (3)
Yes same, but catagorized in accordance with the provision of Micro, Small & Medium Enterprises Development (MSMED) Act, 2006
There are three slabs which are prescribed under MSME Act to define an enterprise:
| No. | Type of Enterprise | Manufacturing Enterprises (Investment in Plant and Machinery) |
Service Industry (Investment in equipment) |
| 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. 25 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 |
thank You sir
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