What is SME?

2 min read

SME stands for small and medium-sized enterprises. These are businesses with investment, turnover, and workforce below a certain threshold. In India, SMEs comprise both manufacturing and service enterprises. Small and medium enterprises are categorised based on the composite criteria of annual turnover and investment in plant and machinery or equipment.

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 to grow their business can avail of a hassle-free SME loan from Bajaj Finserv and get funding of up to Rs. 45 lakh on simple eligibility terms and with minimal documentation.

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