What is SME?
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.
