What is SME?

3 minutes

SME stands for small and medium-sized enterprises. These are enterprises that have less than a specific level of investment and turnover.

SMEs include both manufacturing and service businesses. The government categorises them based on a combination of annual turnover and equipment investment.

Classification of companies

Investment threshold

Turnover threshold

Small enterprise

Between Rs. 1 crore and Rs. 10 crore

Between Rs. 5 crore and Rs. 50 crore

Medium enterprise

Not more than Rs. 50 crore

Not more than Rs. 250 crore

Any SME owner seeking to raise capital can avail of an SME loan from Bajaj Finance. Get funding of up to Rs. 50 lakh with minimal documentation.

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