Is MSME Registration is compulsory for doing a Startup in Business ?

The Ministry of Micro, Small and Medium Enterprises are businesses that maintain revenues, assets or a number of employees below a certain threshold.

Classification of MSME

In accordance with the provision of Micro, Small & Medium Enterprises Development (MSMED) Act, 2006 the Micro, Small and Medium Enterprises (MSME) are classified in two Classes: –

Manufacturing Enterprises

Service Enterprises

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