The Government of India has enacted the Micro, Small, and Medium Enterprises Development (MSMED) Act, 2006 to help the small industries in every aspect so that they become financially independent and contribute to the Indian economy. It is also known as Small Scale Industry (SSI) due to its nature and turnover.

The government of India has launched various schemes and aids to motivate and support the small-scale industries to sustain and grow. The Micro and small industries play a very important role in sustaining the heritage and cultural tradition of India. To get all the benefits of MSME/SSI schemes, you need to get MSME or Udyam registration done. MSME Registration is also known as Udyog Aadhar and SSI registration. .

Udyog Aadhar Eligibility

Vide notification dated 26th June 2020, the Ministry of Micro, Small, and Medium Enterprises notifies revised criteria for classifying the enterprises as Micro, Small, and Medium Enterprises (i.e., MSME) The entities that fall under the following three categories can apply for MSME registration. Micro Enterprises – Investment up to ₹1 crore and annual turnover up to ₹5 crores. Small Enterprises – Investment up to ₹10 crore and annual turnover up to ₹50 crores. Medium Enterprises – Investment up to ₹50 crore and annual turnover up to ₹250 crores.

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