|a) MSME:||Companies registered as Micro, Small & Medium Enterprises (MSME) with the Ministry of MSME, Government of India.|
|b) Non MSMEs:||
Companies which do not fall under the MSME category will be classified as Non MSMEs. The Non MSMEs category shall be further sub-divided in two categories:
Domestic Company: As per the Scheme Guidelines, a company is considered as ‘Owned’ by resident Indian citizens if more than 50% of the capital in it is beneficially owned by resident Indian citizens and / or Indian companies, which are ultimately “owned” and “controlled” by resident Indian citizens. Such a company will be defined as “Domestic Company” for the purpose of these guidelines.
Global Company: Global Company means a company which does not qualify as Domestic Company as defined above and is having business in one or more than one country either by itself or including its Group Companies as defined in the Scheme guidelines.