SMME stands for small, medium and micro enterprises. The qualification of an MSME is defined according to the revised Schedule 1 of the National Definition of Small Enterprise Schedule (March 2019) contained in the National Small Enterprise Act, 1996 (Act No. 102 of 1996), read with the National Enterprise Amendment Act, 2003 (Act No. 26 of 2003) and the National Small Enterprises Act, 2004 (Act No. 29 of 2004). For more detail please use go to the following link:
Revised Schedule 1 of the National Definition of Small Enterprise Schedule