An enterprise can be classified as a micro, small or medium enterprise
In a developing country like India, handmade or handcrafted products are the hallmark of the economy. These small-scale industries can be known as either MSMEs (micro, small and medium enterprises) or SSIs (small-scale industries).
Micro Enterprise- Where the investment in plant and machinery does not exceed one crore rupees and turnover does not exceed five crore rupees.
Small enterprise- Where the investment in plant and machinery does not exceed ten crore rupees and turnover does not exceed fifty crore rupees.
Medium enterprise- Where the investment in plant/machinery does not exceeds fifty crore rupees and turnover does not exceed two hundred and fifty crore rupees.
If the company is in manufacturing line or in the service line both these areas gets a lot of benefits such as Credit facilities, loans, Business setup & Tax relaxation benefits etc.
Documents required for Registration