SME Full Form | Full Form of SME




SME Full Form - Small and Medium-sized Enterprises

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 Small and Medium-sized Enterprises

Small and Medium-sized Enterprises

  • Full Form of SME stands for Small and Medium-sized Enterprises. They’re also called Small and Medium Enterprises or small and medium-sized businesses (SMBs).
  • The small and medium enterprises have a particular number of employees and also the investment in the plant and machinery cost falls within a particular level of amount.
  • Small and Medium Enterprises play a really important role in the development of any country and growth of that country's industrial economy.
  • They also motivate people for driving innovation and competition in many economic sectors.

Workforce and Turnover

  • The workforce and turnover of small and medium sized enterprises vary according to the various countries.
  • In India, under section 7 of the Micro, Small and Medium Enterprises Development (MSMED) Act 2006, Indian government specifies the size of micro, small and medium enterprises.

In Case of Manufacturing Enterprises

  • Micro Enterprises : Investment in the plant and machinery doesn't exceed 25 lakh rupees.
  • Small Enterprises : Investment in the plant and machinery is over 25 lakh rupees but doesn't exceed 5 crore rupees.
  • Medium Enterprises : Investment in the plant and machinery is over 5 crore rupees but doesn't exceed 10 crore rupees.

In case of Service Enterprises

  • Micro Enterprises : Investment in equipments doesn't exceed 10 lakh rupees.
  • Small Enterprises : Investment in equipments is over 10 Lakh rupees but doesn't exceed 2 crore rupees.
  • Medium Enterprises : Investment in equipments is over 2 crore rupees but doesn't exceed 5 crore rupees.


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