Small businesses

MSMED Act came into force

• 2006 October

• 2007 Nov

• 2006 Dec

• 2008 Jan

According to MSMED Act enterprises are classified into

• Manufacturing and Service

• Micro and Small

• Village and Urban

• Medium and Small

Manufacturing enterprises are classified unto

• Micro small and medium

• Micro tiny and small

• Small and medium

A micro enterprise, where the investment in plant and machinery does not exceed

• 25 lacs

• 10 lacs

• 15 lacs

A small enterprise is, investment in plant and machinery is more than

• 20 lacs

• 25 lacs

• 15 lacs

Investment in plant and machinery in medium enterprise

• 5 crore - 10 crore

• 5- 8 crore

• 6- 10 crore

Produce simple products normally in ones own premise is

• Cottage industry

• Village industry

• Micro business

For promotion of small industries central government set up

• Ministry of micro, medium and small enterprises

• Ministry of agro and rural industries

• Both

MSMED implemented its policies and schemes through

• SIDO & NSIC

• NABARD

• SIDCO

Expansion of SIDO

• Small Industries Development Organization

• Small Industries Directive Organization