MSME stands for Micro, Small, and Medium Enterprises. It refers to a category of businesses based on their size and investment in machinery, equipment, and infrastructure. The definition and criteria for MSMEs vary across countries, but they typically include small-scale enterprises with limited resources and a lower number of employees.

MSMEs play a crucial role in driving economic growth, generating employment opportunities, and promoting innovation. They are often considered the backbone of many economies, particularly in developing countries, as they contribute significantly to GDP and provide livelihoods to a large number of people.

ELIGIBILITY

Micro Enterprise - Where the investment in Plant & Machinery or Equipment does not exceed one crore rupees and turnover does not exceed five crore rupees.

Small Enterprise -Where the investment in Plant & Machinery or Equipment does not exceed ten crore rupees and turnover does not exceed fifty crore rupees.

Medium Enterprise - Where the investment in Plant & Machinery or Equipment does not exceed fifty crore rupees and turnover does not exceed two hundred and fifty crore rupees.