MSME (Ministry of Micro, Small, and Medium Enterprises), a branch of the Government of India, is the apex body for the formulation and administration of rules, regulations, and laws relating to micro, small, and medium enterprises in India. MSME classification in India is based on the investment in plant & machinery or equipment of the entity. The service sector and manufacturing sector have different thresholds for MSME classification.

Over the past decades, the micro, small, and medium-sized enterprises (MSMEs) sector has proven to be a very exciting and aggressive sector of the Indian economy. The main motivation of the Indian government is "business creation" in the Indian economy, and it wants to produce a wide range of products to meet the requirements of local and global markets. MSMEs create jobs and independence that strengthen the Indian economy. MSME-Online registration is not required but is always recommended for small businesses as it offers many benefits. Services such as credit supply fees are considerably lower, such as tax easing, tax benefits of capital investment, and other state support. You can support your company with online MSME registration so you can use a variety of benefits.

type of business comes under msme enterprises

• Micro Enterprises- Does not exceed 25 lakhs 

• Small Enterprises- More than 25 lakh but does not exceed 5 crore

• Medium Enterprises- More than 5 crore but does not exceed 10 crore