Introduction:
Micro, Small, and Medium Enterprises (MSMEs) play a vital role in the growth of the economy. MSMEs are the backbone of the Indian economy, accounting for more than 30% of the GDP and 45% of the exports. They are the primary job creators, providing employment to millions of people. However, the sector has been facing challenges due to lack of formalization, limited access to…
MSME registration online in India is a simple and hassle-free process that can be completed on the official website of the Ministry of Micro, Small and Medium Enterprises. Here are the steps to register an MSME online in India:
Visit the official website of the Ministry of MSME.
Click on the “MSME Registration” tab.
Fill in the required details in the registration form, such…
ENTERPRISE CLASSIFICATION
Based on the following requirements for Udyam registration, an enterprise shall be categorized as a micro, small, or medium enterprise, namely:
(i) A microbusiness, with a revenue of no more than five crore rupees and an investment in plant, machinery, or equipment of no more than one crore rupees;
(ii) A small business with a revenue of no more than fifty…
