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| Home » Snapshots » Micro, Small & Medium
Enterprises |
 Micro, Small & Medium
Enterprises |
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Micro, Small & Medium
Enterprises |
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| Micro, Small & Medium Enterprises in Gujarat |
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The strength of Gujarat’s manufacturing sector lies in its strong base of Micro, Small and Medium Scale Industries (MSMEs) |
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MSMEs have played a pivotal role in industrial dispersal and overall industrial development of the State |
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MSMEs have proved to be a major contributor to the economy of the state, especially in terms of value addition, employment generation and entrepreneurship development |
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There are at present over 3,20,000 MSMEs in Gujarat. |
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Government of India, under Ministry of MSMEs have enacted the MSME Development Act 2006 and has put into operation effective from 2-10-2006 |
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Under the Act, MSMEs are classified in three classes |
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| Classes of MSME |
| Enterprises |
Investment in Plant & Machinery (Manufacturing) |
Investment in Equipment (Services) |
| Micro |
Less than Rs. 25 Lakhs |
Less than Rs. 10 Lakhs |
| Small |
Rs. 25 Lakhs – Rs. 5 Cr |
Rs. 10 Lakhs – Rs. 2 Cr |
| Medium |
Rs. 5 Cr – Rs. 10 Cr |
Rs. 2 Cr – Rs. 5 Cr |
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