DISTRICT INDUSTRY CENTER VIRUDHUNAGAR DISTRICT

DEPARTMENT OF INDUSTRIES AND COMMERCE

image
MSME ACT 2006

MICRO, SMALL AND MEDIUM ENTERPRISES DEVELOPMENT (MSMED) ACT 2006 formulated By the Government of India with effect from 02.10.2006 the Industries concept renamed as enterprises and classified by the investment made by the Enterprises.

CLASSIFICATION OF ENTERPRISES

  • MANUFACTURING ENTERPRISES (Excluding Land and Building Investment)
    Micro - Plant & Machinery Investment upto Rs. 25 Lakh
    Small – Plant & Machinery Investment above Rs. 25 Lakh & upto Rs. 5 Crore
    Medium – Plant & Machinery Investment above Rs.5 Crore & upto Rs. 10 crore
  • SERVICE ENTERPRISES (Excluding Land and Building Investment)
    Micro - Plant & Machinery Investment upto Rs. 10 Lakh
    Small – Plant & Machinery Investment above Rs.10 Lakh & upto Rs. 2 Crore
    Medium – Plant & Machinery Investment above Rs. 2Crore & upto Rs. 5 crore

Employment Opportunities

The implementation of Micro Small and Medium Enterprises Policy – 2008, the new manufacturing enterprises are coming up in the backward blocks, reduce the sectorial imbalances in the Industrial development within the District. The policy will provide 15% Capital Subsidy subject to the maximum of Rs. 30 Lakhs and Employment intensive subsidy of 5% on plant and machinery subject to maximum of Rs. 5 lakhs.