MSME Registration in India
Micro, Small, and Medium Enterprises (MSME) Development
The MSME sector plays a vital role in the growth of India’s economy by driving innovation, employment, and entrepreneurship. The classification and regulation of MSMEs were initially defined under the MSMED Act, 2006, which used separate financial criteria for manufacturing and service enterprises.
However, with evolving market conditions and to simplify compliance, the government introduced a significant revision as part of the Economic Relief Package announced on 13th May 2020.
✅ Key Changes in MSME Definition
Previously, manufacturing and service units were categorized differently, often under very low financial thresholds. But the new changes have:
Unified the classification for both manufacturing and service sectors.
Increased the financial limits to match current market realities.
Introduced a turnover-based criterion for a more objective classification.
These reforms aim to promote transparency, ease of doing business, and ensure fair support to growing enterprises.
🏢 Revised MSME Classification Criteria
| Enterprise Type | Investment in Plant & Machinery/Equipment | Annual Turnover |
|---|---|---|
| Micro | Up to ₹1 crore | Up to ₹5 crore |
| Small | Up to ₹10 crore | Up to ₹50 crore |
| Medium | Up to ₹50 crore | Up to ₹250 crore |
Note: These classifications now apply uniformly across both manufacturing and service sectors.
🎯 Why Register Your MSME?
Registering your business as an MSME offers several benefits:
Priority sector lending and access to credit
Government subsidies and incentives
Protection against delayed payments
Easier access to government tenders
Tax rebates and reduced compliance burden
✅ Get MSME Registered with SunriseTrademarkCo
At SunriseTrademarkCo, we simplify the MSME registration process for startups, entrepreneurs, and growing businesses. Our expert team ensures:
Fast online filing
Correct classification
Hassle-free documentation
Let us help you secure the benefits and recognition your business deserves.
Register your MSME today and unlock growth opportunities!