The definition of the Micro, Small & Medium Enterprises or MSME as per the provisions of the Micro, Small & Medium Enterprises Development or MSMED Act, 2006 the Micro, Small and Medium Enterprises (MSME) may be classified into two divisions:.
Manufacturing Enterprises.
Service Enterprises.
MSME Definition of the mentioned types of enterprises are written below-
Manufacturing Enterprises:-The enterprises that are engaged in the field of manufacturing or producing goods employing the plant and machinery in the process of value addition to the final product which has a distinct name or character or use.
Service Enterprises: - The enterprises which are engaged in providing or rendering of services.
MSME classification:
Micro: Investment < Rs 1 Cr Turnover < Rs 5 Cr
Small: Investment < Rs 10 Cr Turnover < Rs 50 Cr
Medium: Investment < Rs 20 Cr Turnover < Rs 100 Cr
Aadhaar No. of the Proprietor or Director or Promoter or Partner or Authorised person
PAN of the Proprietor or Partnership or LLP or OPC or Private Limited or Public Limited etc.
Address Proof of the Business place
The Partnership Deed or LLP Agreement or MOA & AOA as per the case
Bank Account Proof (Bank Statement or Cancel Cheque)
Copy of the Industrial licenses, if it is applicable on the Bills of Machinery Purchased
Forestry and Logging activities
Fishing and aquaculture activities
Activities like the Wholesale and retail trade, repair of motor vehicle and motorcycles
Wholesale trade activities except for the motor vehicles and motorcycles
Retail trade activities except for motor vehicles and motorcycles
Activities of the household as employees for the domestic personnel
The Goods and Service Producing activities of the private household for own uses.
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