Current Definition of Micro, Small and Medium Enterprises

The small industries sector definition has changed from time to time. Earlier there used to be concepts of Small Scale Industries, Tiny enterprises and ancillary units. However, since enactment of MSME (Micro, Small and Medium Enterprises) Act 2006; the scope of small industries was enlarged and the concepts of SSI, Tiny and ancillary units was replaced with Micro, Small & Medium Enterprises. Thus, the current definition comes from the notification issued under MSME Act 2006. As per this, the definition for Micro, Small and Medium enterprises are different for manufacturing sector and Service sector.