The existing MSME classification was based on the criteria of investment in plant and machinery or equipment. So, to enjoy the MSME benefits, the MSMEs have to limit their investment to a lower limit, as mentioned below:
CLASSIFICATION
MICRO
SMALL
MEDium
Manufacturing Enterprises and Enterprises rendering Services
Investment in Plant and Machinery or Equipment: Not more than Rs.1 crore and Annual Turnover ; not more than Rs. 5 crore
Investment in Plant and Machinery or Equipment: Not more than Rs.10 crore and Annual Turnover ; not more than Rs. 50 crore
Investment in Plant and Machinery or Equipment: Not more than Rs.50 crore and Annual Turnover ; not more than Rs. 250 crore
Documents Required for MSME Registration-
Business address proof- Sale deed/ Rent agreement/Utility bills
Partnership deed/LLP agreement/MOA/COI
Some other details to be asked at the time of registration- regarding no of employees etc.