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What is MSME full form?

What is MSME full form?

3 minutes

MSME full form is the Ministry of Micro, Small & Medium Enterprises. As per the (MSMED) Act, 2006 enacted by the Government of India, the definition of an MSME encompasses Micro, Small and Medium Enterprises.

As per the Micro, Small and Medium Enterprises Development (MSMED) Act, the definition of an MSME encompasses micro, small, and medium enterprises.

What type of businesses come under MSME?

Enterprises come under these sub-categories based on their annual turnover and investment, whether they belong to the manufacturing or the service sector:

Micro

Small

Medium

Investment not exceeding Rs. 1 crore and turnover of up to Rs. 5 crore

Investment of not more than Rs. 10 crore and turnover not exceeding Rs. 50 crore

Investment of not more than Rs. 50 crore and turnover of up to Rs. 250 crore


What is an MSME certificate?

The MSME (Micro, Small, and Medium Enterprises) certificate serves as a pivotal document for businesses in India, providing official recognition and numerous benefits. Issued by the Ministry of Micro, Small and Medium Enterprises, this certificate validates a company's status as an MSME entity based on its investment in plant and machinery or equipment, and turnover. Holding an MSME certificate opens the door to a spectrum of advantages, including subsidies on various government schemes and exemptions under certain regulations.

If you own an MSME and need money for business growth and expansion, apply for an MSME loan from Bajaj Finance. With sanctions of up to Rs. 80 lakh, you can cover business expenses like buying machinery or increasing working capital. In case you need MSME Certificate, you can easily download MSME Certificate online.

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1. Bajaj Finance Limited (“BFL”) is a Non-Banking Finance Company (NBFC) and Prepaid Payment Instrument Issuer offering financial services viz., loans, deposits, Bajaj Pay Wallet, Bajaj Pay UPI, bill payments and third-party wealth management products. The details mentioned in the respective product/ service document shall prevail in case of any inconsistency with respect to the information referring to BFL products and services on this page.

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Frequently asked question

What does MSME mean?

MSME is an acronym that stands for Micro, Small, and Medium Enterprises. According to the Micro, Small, and Medium Enterprises Development (MSMED) Act of 2006, MSMEs are divided into two categories:

  1. Manufacturing enterprises are those that manufacture or produce things in any industry
  2. Service enterprises are those that provide or give services.

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