Editing Small and medium enterprises (section)

==== India ====
[[India]] defines Micro, Small and Medium Enterprises based on dual criteria of investment and turnover.
This definition is provided in Section 7 of [[Micro, Small and Medium Enterprises Development Act, 2006|Micro, Small & Medium Enterprises Development  Act, 2006]] (MSMED Act) and was notified in September 2006. The Act provides for the classification of enterprises based on their investment size and the nature of the activity undertaken by that enterprise. As per MSMED Act, enterprises are classified into two categories - manufacturing enterprises and service enterprises. For each of these categories, a definition is given to explain what constitutes a micro-enterprise or a small enterprise or a medium enterprise. If an enterprise does not fall under the above categories, it would be considered a large-scale enterprise.

April 1, 2025, India updated the definition as follows: [https://www.pib.gov.in/PressReleasePage.aspx?PRID=2118292]
{| class="wikitable"
|+
!Sr No
!Classification
!Criteria (in '''[[Indian rupee|₹]])'''
|-
|1
|Micro Enterprises
|Investment <= 2.5 CR and Turnover <= 10 CR
|-
|2
|Small Enterprises
|Investment <= 25 CR and Turnover <= 100 CR
|-
|3
|Medium Enterprises
|Investment <= 125 CR and Turnover <= 500 CR
|}

Businesses that are declared as MSMEs and within specific sectors and criteria can then apply for "priority sector" lending for help with business expenses; banks have annual targets set by the Prime Minister's Task Force on MSMEs for year-on-year increases of lending to various categories of MSMEs.<ref name="MSMED-RBI">{{cite web|title=Micro, Small and Medium Enterprises|url=http://www.rbi.org.in/commonman/English/scripts/FAQs.aspx?Id=966|publisher=Reserve Bank of India|access-date=9 May 2015}}</ref> MSME is considered a key contributor to India's growth and contributes 48% to [[Foreign trade of India|India's total export]].{{Citation needed|date=November 2021}}

In India, businesses need to apply for Udyam Registration with the government to avail the benefits of MSME.