MSME stands for Micro, Small, and Medium Enterprises, governed by the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006.
It aims to promote, support, and develop small-scale industries across India by providing them with various
government benefits, subsidies, and incentives.
• Access to low-interest loans and collateral-free credit • Eligibility for government tenders and subsidies • Tax rebates and utility bill concessions • Easier access to business licenses and approvals • Protection against delayed payments under the MSME Act • Easier access to technology and quality certification support
| Type | Investment in Plant & Machinery | Annual Turnover |
|---|---|---|
| Micro Enterprise | Up to ₹1 crore | Up to ₹5 crore |
| Small Enterprise | Up to ₹10 crore | Up to ₹50 crore |
| Medium Enterprise | Up to ₹50 crore | Up to ₹250 crore |
• Aadhaar Card of Proprietor / Partners / Directors • PAN Card of business • Proof of business address • Bank details • Business registration certificate (if applicable)
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