Micro, Small and Medium Enterprise Development (MSMED) Act 2006, micro, small and the medium has been defined as under:For Manufacturing and service sector bothMicro means an enterprise where investment in plant and machinery does not exceed 1 crore and Turnover does not exceed 5 crore.Small means an enterprise where investment in plant and machinery more than Rs.1 crore but does not ... https://timebusinessnews.com/micro-small-and-medium-enterprise-development-msmed/