Definition of SMEs

SI

Type of Industry

The amount of investment

(Replacement cost and value of fixed assets, excluding land and factory buildings)

Number of employed workers

1.

Cottage Industry

Below 10 lakh

number of workers not exceed 15

2.

Micro Industry

10 lakh to 75 lakh

16 to 30

3.

Small Industry

Manufacturing

75 lakh  to 15 crore

31 to 120

 Service

10 lakh to 2 crore

16 to 50

4.

Medium Industry

Manufacturing

15 crore to 50 crore

121 to 300

 Service

2 crore to 30 crore

51 to 120

5.

Large Industry

Manufacturing

More than 50 crore

More than 300

 Service

More than 30 crore

More than 120

 

Source: National Industrial policy(2016)