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.
Read More
Read Less
