MSME registration is applicable to all micro, small and medium enterprises engaged in manufacturing or services to avail the benefits under MSMED Act. Classification of micro, small or medium enterprise is based on the below mentioned criteria.
| Criteria | Micro | Small | Medium |
|---|---|---|---|
| Investment | < 1 crore | < 10 crore | < 20 crore |
| Turnover | < 5 crore | < 50 crore | < 100 crore |
MSME Registration is not statutory, but it offers a wide range of benefits for lower interest rates, easy access to credit, subsidies, preference in protection against debts, exemption for certain statutory compliances.
We at Taxcrew advisors will help you with quick MSME registration within 1 working day. All we need is you PAN, Aadhar, Bank account number and nature of business activity.