The earlier concept of „Industries‟ has been changed to „Enterprises‟ • Enterprises have been classified broadly into: (i) Enterprises engaged in the Manufacture / production of Goods pertaining to any industry; & (ii) Enterprises engaged in providing / Rendering of services.
Manufacturing enterprises have been defined in terms of investment in plant and machinery (excluding land & buildings) and further classified into :
- Micro Enterprises - investment up to Rs.25 lakh. - Small Enterprises - investment above Rs.25 lakh & up to Rs. 5 crore - Medium Enterprises - investment above Rs. 5 crore & up to Rs.10 crore. • Service enterprises have been defined in terms of their investment in equipment (excluding land & buildings) and further classified into: - Micro Enterprises – investment up to Rs.10 lakh. - Small Enterprises – investment above Rs.10 lakh & up to Rs.2 crore. - Medium Enterprises–investment above Rs. 2 crore & up to Rs. 5 crore It is not necessary to engage in manufacturing activity for self-employment. One can set up service
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