Abi Accounts provides Udyam Registration services across India. Micro, Small and Medium Enterprise (MSME/SSI) registration is governed by the MSMED Act, 2006, applicable to businesses involved in production, manufacturing, processing, preservation of goods, and service provision.
While MSME registration is not mandatory, registering under SSI/Udyam offers a host of government incentives and benefits for small and medium businesses.
Type of Industry | Micro | Small | Medium |
---|---|---|---|
Manufacturing & Services | Investment ≤ ₹1 crore Turnover ≤ ₹5 crore |
Investment ≤ ₹10 crore Turnover ≤ ₹50 crore |
Investment ≤ ₹50 crore Turnover ≤ ₹250 crore |