The business man of the country has a special contribution in the economy of India. The economy of any country depends on investment and industry there. Some rules have also been set for MSME industries by the Ministry of Micro, Small and Medium Enterprises in the country. Regulations and laws related to micro, small and medium industries have been made in the country and this ministry is the most systematic and reliable body for making new laws when needed. Such steps are taken by the Government of India in which small and big business organizations do not have to face difficulties in their business.

In view of this, the government has made it easier for business organizations to register on it. If you also want to know about what is MSME, full form, definition, helpline number of MSME, then detailed information has been provided here.

What is meant by MSME?

If you want to understand the meaning of MSME properly, then before that you should understand the full form of MSME which is Micro, Small and Medium Enterprises. If you look by definition, then you will know that only micro, small and medium industries operating in the country are collectively called MSMEs. Its main objective is to provide ease of doing business to the business associations of micro, small and medium industrialists. Apart from this, the business sector has to be promoted.

That is, it is an industry done locally in a very small space and not many people are needed in its operation. MSME industry is done in 2 types: Manufacturing Industry (Manufacturing Industry) and Service Industry (Service Sector).

Types of MSME:

  • Manufacturing Industry: The work of manufacturing is done through such industry as toy making industry.
  • Service Sector: Their job is not to manufacture but to provide service only. The spread of such industry is growing very fast.

Q. What is MSME Full Form?

Ans. The full form of MSME is “Micro, Small and Medium Enterprises”.

Definition of MSME: Definition of MSME Manufacturing Industry

  • Definition of Micro industry: Such industries, in which machines costing up to Rs 25 lakh, come under the category of micro or micro industries.
  • Definition of small scale industry: Such manufacturing industries, in which machines costing from Rs 25 lakh to Rs 5 crore, come under the category of small scale industry or small enterprise.
  • Definition of medium industry: Industries with such production, in which machines costing from Rs 5 crore to Rs 50 crore, come in the category of medium or medium enterprise.

Definition of MSME Service or Service Industry:

  • Definition of micro industry: Such service industries in which investment of up to 25 lakhs comes in the category of micro or micro service industry.
  • Definition of small scale industry: The industry of such service sector in which investment of up to 50 lakhs has been made, comes in the small service industry.
  • Definition of medium industry: A service enterprise in which investment of up to 5 crores has been made is called medium service industry.

What is the new definition of MSME as per 2020?

New definition of MSME was announced by the Finance Minister in the month of June in the year 2020 during the Corona period under the Prime Minister’s Self-Reliant India Scheme:

Enterprise                                               New Definition Enterprise                                        Category:

Micro:  Industries with Investment up to 1 Crore and Turnover up to 5 Crore                Manufacturing and Service
Small:   Enterprise with Investment up to 10 Crore and Turnover of 50 Crore                Manufacturing and Service
Medium:  Enterprise with Investment up to 30 Crore and Turnover of 100 Crore        Manufacturing and Services

Documents Required for Registration in MSME:

  • Pan Card
  • Aadhar Card,
  • Passport,
  • Driving license
  • You will need to have one as an identity proof.
  • Passport size photo

Other Documents:

  • Documents related to rent if you do industry on rental property
  • Transaction Document for Owned Property
  • Affidavit
  • Declaration document
  • NOC
  • Two persons as witnesses i.e. guarantors

How to do MSME Registration Online for MSME?

  • First of all, you have to go to the portal issued by the Government of India for registration Now follow the given instructions, submit the application after filling the related information, Aadhar number, name of the owner etc…
  • After this, an OTP will be sent to your registered number or email, which you will have to fill at the time of registration and submit it by entering the captcha given below.
  • Now you have to apply for final registration, after which you are given the final MSME certificate. You can apply for permanent certificate after production starts.

MSME Helpline Number:

MSME Helpline is an initiative of Indian MSME Helpline Pvt Ltd. Indian MSME Helpline Private Limited is duly registered with the Ministry of Corporate Affairs with Corporate Identification Number U74999DL2015PTC286119. The Registered Office of the Company is 1106, New Delhi House, Barakhamba Road, Connaught Place, New Delhi 110001.

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