SSI MSME Registration

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o avail the benefits under the MSMED Act from Central or State Government and the Banking Sector, MSME Registration is required. MSME stands for micro, small and medium enterprises and any enterprise that falls under any of these three categories. Micro, Small and Medium Enterprises (MSME) sector has emerged as a highly vibrant and dynamic sector of the Indian economy over the last five decades.

On 13th may, 2020 Government of India announced some major relief to the MSMEs. And one of the major relief is that the Government Revised the definition of the MSMe as a whole.

Under the new definitions, the distinction between manufacturing and services enterprises has been eliminated and the investments have been revised upwards and an additional criteria of turnover has been introduced.

What is the new & Revised definition of MSMe?

The new definition of MSMe is as follows:

Micro Enterprise: Manufacturing and services enterprises with investments up to Rs 1 crore and turnover up to Rs 5 crore will be classified as micro enterprises.

Small Enterprise: For small enterprises, the investment criteria and the turnover criteria has been revised upwards to Rs 10 crore and Rs 50 crore respectively.

Medium Enterprise: The enterprises which have investment up to Rs 20 crore and turnover up to Rs 100 crore will be termed as medium enterprises.

Table showing existing and revised definition of MSMe:

Existing MSMEs Classification (Criteria - Investment in Plant & Machinery or Equipment)

Classification Micro Small Medium
Manufacturing Enterprises Investment less then Rs.25lacs Investment less then Rs.5Crore Investment less then Rs.10Crore
Service Enterprises Investment less then Rs.10lacs Investment less then Rs.2Crore Investment less then Rs.5Crore
Revised MSMEs Classication for Aatma Nirbhar Bharat (Criteria-Inestment $ Annual Turnover)

ESSENTIAL

3499 / MO
  • Accounting for one month upto 100 entries
  • Preparation of Final accounts & Annual Report, if yearly package is opted
  • Monthly MIS reporting

ENHANCED

7999 / MO
  • Accounting for one month upto 300 entries
  • Preparation of Final accounts & Annual Report, if yearly package is opted
  • Monthly MIS reporting

ULTIMATE

9999 / MO
  • Accounting for one month upto 700 entries
  • Preparation of Final accounts & Annual Report, if yearly package is opted
  • Monthly MIS reporting
  • Target Analysis
  • Budget Friendly
  • Flexible Tools

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