MSME registration is a process of registering a Micro, Small, and Medium Enterprise (MSME) with the government.
MSME registration is an important step for small businesses in India as it provides several benefits that help businesses grow and thrive.
The definition and criteria for MSME classification are defined by the Ministry of MSME and are uniform throughout India.
MSMEs registered with the government are eligible for collateral-free loans and easier access to credit from banks and financial institutions.
MSMEs registered with the government are protected under the MSME Act, which provides for various measures to ensure the growth and development of these businesses.
MSMEs can avail of various marketing support services offered by the government, such as exhibitions, trade fairs, and more.
MSMEs can avail of various subsidies and incentives offered by the government, such as tax exemptions, subsidies on raw materials, and more.
MSMEs registered with the government are eligible to participate in government procurement processes and have a greater chance of winning government contracts.
Udyam Aadhar registration simplifies the MSME registration process, making it easier for businesses to register and avail of the benefits.
| MSME are classified into 2 categories:- | ||||
| Manufacturing Enterprises | ||||
| Service Providers | ||||
| → | Trading | |||
| → | Non - Trading | |||
| Type of entity | MICRO | SMALL | MEDIUM | |
| Manufacturing Enterprises & Service Provider | Investment up to Rs. 1 Crore | Investment upto Rs. 10 Crores | Investment upto Rs. 50 Crores | |
| AND | AND | AND | ||
| Turnover up to Rs. 5 Crore | Turnover upto Rs. 50 Crore | Turnover upto Rs. 250 Crore | ||
