Meaning and definition of small scale industries
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What is a Small Scale Industry (SSI)?
Small scale industries (SSIs) also known as MSMEs are defined & categorized by the Micro, Small & Medium Enterprises Development Act, 2006. The act categorizes different scale of industries on the basis of investment in plant & machinery in case of manufacturing industries and on the basis of investment in equipment in case of service sector industries.
1. Micro Scale Enterprise: Manufacturing enterprises in which investment in plant & machineries does not exceed Rs 25.00 lakhs and service sector industries in which investment in equipment does not exceed Rs 10.00 lakhs are termed as micro scale enterprises.
Small scale industries (SSIs) also known as MSMEs are defined & categorized by the Micro, Small & Medium Enterprises Development Act, 2006. The act categorizes different scale of industries on the basis of investment in plant & machinery in case of manufacturing industries and on the basis of investment in equipment in case of service sector industries.
1. Micro Scale Enterprise: Manufacturing enterprises in which investment in plant & machineries does not exceed Rs 25.00 lakhs and service sector industries in which investment in equipment does not exceed Rs 10.00 lakhs are termed as micro scale enterprises.
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