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    The Micro Small & Medium Enterprises (MSMEs) are defined in India under the MSMED Act 2006 on the basis of capital investment made in plant and machinery, excluding investments in land and building. The Union Cabinet approved a proposal to change the definition of Micro, Small and Medium enterprises. Since 1950s Small Scale Industries (SSIs) and later MSMEs have been traditionally defined based on their investment in plant and machinery for manufacturing units, and investment in equipment for service enterprises, and now the new definition define them based on their annual turnover.

    It will be easier now for authorities to verify claims of businesses using the sales data they have from the GST Network. This will eliminate the need for inspections, make the classification system progressive, and contribute to ease of doing business as well. It is also expected that with this new definition the Government will do away with those clauses that exclude medium sector from various promotional schemes for the sector.


    • Aadhar Card of Proprietor / Partner / Director
    • PAN Card of Proprietor / Firm / Company
    • Mobile Number of Proprietor / Partner / Director
    • Email Id of Proprietor / Partner / Director
    • GST / Company / Any Other Registration Certificate
    • Cancelled Cheque / Bank Statement of Proprietor / Firm / Company
    • Factory Address and Office Address
    • Business Activity
    • Number of Employee
    • Investment Amount

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