MSME registration is a governmental scheme-enabling registration that is provided to the Micro Small and Medium Enterprises (Now you know where MSME comes from). The classification of these enterprises is on the basis of how much they have invested in their equipment and machinery. There can be two types of MSMEs:
A. Service Enterprise
B. Manufacturing Enterprise
Micro Enterprise:
For service enterprise, the investment in equipment should not be more than INR 10 lakh and for manufacturing enterprise, the investment in machinery and plant should not be more than INR 25 lakh. Small Enterprise For service enterprise, the investment in equipment should not be more than INR 2 Crore and for manufacturing enterprise, the investment in machinery and plant should not be more than INR 5 Crore.
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