Which Businesses Fall Under MSME

MSME is an acronym that stands for Micro, Small, and Medium Enterprises. The definition of an MSME varies by country, but in general, these are small businesses with a limited number of employees and assets.

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MSMEs are defined in India, for example, based on their annual turnover and investment in plant and machinery or equipment. The definition as of 2021 is as follows:

Micro Business: Businesses with annual revenues of up to INR 50 million (USD 680,000) and capital investments of up to INR 10 million (USD 136,000).

Small Businesses: Businesses with annual revenues of up to INR 500 million (USD 6.8 million) and capital investments of up to INR 50 million (USD 680,000).

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Medium-sized Businesses: Businesses with annual revenues of up to INR 2,500 million (USD 34 million) and capital investments of up to INR 250 million (USD 3.4 million).

Other countries' criteria for defining MSMEs may differ. Local shops, small-scale manufacturers, service providers, and startups are all examples of MSMEs.

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