(*) Investment in terms of original cost excluding land and building and the items specified by the Ministry of Small Scale Industries vide its notification no. S.O. 1722 (E) dated October 5, 2006
(#) original cost excluding land and building and furniture, fittings and other items not directly related to the service rendered or as may be notified under the MSMED Act, 2006.
The Small and Micro (service) enterprises shall include small road & water transport operators, small business, professional & self-employed persons, and all other service enterprises engaged in activities, viz., consultancy services including management services, composite broker services in risk and insurance management, third party administration services (TPA) for medical insurance claim for policy holders, seed grading services, training-cum-incubator centre, educational institutions, training institutes, practice of law i.e. legal services, placement and management consultancy services, advertising agency, trading in medical instruments, retail trade, training centres, etc and which satisfy the definition of micro and small (service) enterprises in respect of investment in equipment whose original cost price of the equipment used for the purpose of business does not exceed Rs.10 lakh and Rs.2 crore respectively.
In Addition to above, the bank also selectively classifies certain business segments as part of SME lending. The Channel funding/Vender financing is part of SME irrespective of the obligor.
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