What is SME?
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.