As per revised definition of MSME, for Manufacturing Sector and Service Sector:
Enterprises Invtestment + Turnover
Micro Enterprises <Rs.1 Crore <Rs.5Crores
Small Enterprises <Rs.10 Crores <Rs. 50 Crores
Medium Enterprises <Rs. 20 Crores <Rs. 100 Crores
Documents of Proprietor
Note: All documents can be uploaded/send through website or through Email & What's App.
Documents for Business Place
Case A: Premises/building owned by proprietor:
Case B: Premises/building on Rent/Lease:
All Inclusive Fees
All Inclusive Fees
All Inclusive Fees
The advantage of this sector is it requires less investment, thus creating employment on a large scale, and reducing the employment and underemployment problems.
MSME is a significant growth driver in India, with it contributing to the tune of 8% to GDP. As mentioned in the table, Exports sector in India constitutes about 40% of the contribution from MSME alone.
In large scale organizations, one of the key challenges is to retain human resource through effective human resource management professional manager. But in case of an MSME, the requirement of labor is less, and it does not need a highly skilled laborer.
Post the inception of ‘Make in India’, a signature initiative by the prime minister of India, the process of incorporating a new business has been made easy. Since the MSME is the backbone in making this dream a possibility, the government has directed the financial institution to lend more credit to enterprises in the MSME sector.
About 50% of the wealth in India is owned by just 100 people which is due to the unequal distribution of wealth. Inclusive growth is on top of the agenda of Ministry for Medium, and Small, and Medium-sized enterprises for several years.
It provides the first ever legal framework for recognition of the concept of enterprise and integrating the three tiers of these enterprises i.e. micro, small and medium.
A Technology Mission will be established with a view to assisting micro, small and medium enterprises (MSMEs) in technology up gradation, energy conservation and pollution mitigation.
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