MSME stands for Micro, Small, and Medium Enterprises. It is categorized based on the turnover and Investment in Plant and Machinery. The entity has to generate MSME certificate registered with MSME department of the Central Government under MSME Development Act 2006.

Criteria for classification in MSME

Classification Micro Small Medium
Manufacturing and Services Investment < Rs. 1 Crore

And

Turnover < Rs. 5 Crores

Investment < Rs. 10 Crores

And

Turnover < Rs. 50 Crores

Investment < Rs. 20 Crores

And

Turnover < Rs. 100 Crores

Benefits of MSME

Documents required for MSME Registration

  • AADHAR card of the Authorised signatory of the Applicant

  • PAN Card of the Authorised signatory of the Applicant

  • Detail regarding the Entity of the Applicant like Investment in Plant and Machinery.