Sidbi
...DEVELOPMENT BANK OF INDIA (SIDBI)
SSI 1: TAJ PAPER BOX
SSI 2: NATIONAL DIARY
SMALL SCALE INDUSTRIES
An industrial undertaking in which the investment in fixed assets in plant and machinery whether held on ownership terms on lease or on hire purchase does not exceed Rs 10 million is defined as a small scale industry or an SSI. There are different categories of industries that qualify as SSI. They are known by the abbreviation MSME which stands for Micro, Small and Medium Enterprises. Micro industries are also known as tiny industries. Tiny industries are ones in which investment limit in plant and machinery in respect of tiny enterprises is Rs 2.5 million irrespective of location of the unit. These limits are created according to norms set by the RBI. However they do not serve as a detriment to acquiring finance in any way. It is just a mere classification. In the course of our interview with SIDBI officials we learnt that SIDBI does not adhere to any hard and fast rule while segregating these industries. Loans are given depending upon the financial viability of the unit and not the category to which it belongs.
However the govt. has certain certain prescribed limits over the years for SSI. The details of investment limits upto the year 1997 are as follows:
|YEAR |INVESTMENT LIMITS |ADDITIONAL CONDITIONS |
|1950 |Upto Rs 5 lacs in fixed assets |Less than 50/100 |
| | |persons with |
| | |or without power |
|1960 |Upto Rs 5 lacs in Plant & Machinery |No condition...
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