MSME
Micro, small and medium enterprise: the government's size classes for businesses, set by investment and turnover.
MSME is the category nearly every small Indian business falls into. Which class you are in — micro, small or medium — is decided by your investment in plant and equipment and your turnover, read from your PAN and GST records when you register on Udyam.
The label matters because schemes, guarantees and some protections are written for it. Udyam registration is how you prove it.
Learn it in a lesson
See also: Udyam registration, CGTMSE