Numbers - Stores
Who are eligible: MSEs registered under Udyam Registration Portal w.e.f 01.07.2020
MSE Policy - W.e.f 01.04.2012. But mandatory from 01.04.2015 onwards.
Retail and wholesale traders reinstated under the MSME category by the Government in July 2021 are topping the table of the top 10 segments or sub-sectors in the MSME sector based on the number of registrations on the Udyam portal.
Launched and maintained by MSME Ministry on 1st July, _____
Only Official portal to register a new MSME or re-register of already registered under UAM - Udyog Aadhaar Memorandum
Seamlessly integrated with Income Tax, GST & GeM
The details of Investments & Turnover are taken automatically from Govt databases.
MSME Sambandh Portal:
Launched on 8th December 2017
Sharing fact sheets of public procurement of all central entities.
Facilitating Official login to enter the data.
Monitoring the progress of procurement by Central Govt Ministries / Depts / CPSUs
Uploading procurement details by all the above entities on a monthly / Annual basis
Data for 2022-23 FY
Benefits for MSMEs
Tender cost - Free
No EMD (Earnest Money Deposit )
Relaxations in Prior Turnover Criteria and Prior Experience Criteria
Note: However, SD (Security Deposit) or PBG (Performance Based Guarantee) are not exempted.
All Central entities - should organize VDPs ( Vendor Development Programmes) to develop MSMEs
SC/ST MSMEs - NSIC should conduct outreach programs and open a special window i.e., SPRS (Single Point Registration Scheme)
NSIC stands for National Small Industries Corporation
358 items - Reserved exclusively for MSMEs
Launched on 1st June 2020
To address the grievances of MSMEs
Set up in the Ministry of MSME
CHAMPION stands for Creation & Harmonious Application of Modern Processes for Increasing Output & National Strength
Backed by AI - Artificial Intelligence, Big Data Analytics, as well as Machine Learning, in conjunction with ICT - Information & Communication Technology
Linked with the CPGRAMS (Centralized Public Grievance Redress And Monitoring System
Classification of MSMEs
After 14 years since the MSME Development Act came into existence in 2006, a revision in the MSME definition was announced in the Atmnirbhar Bharat package on 13th May, 2020. As per this announcement, the definition of Micro manufacturing and services units was increased to Rs. 1 Crore of investment and Rs. 5 Crore of turnover. The limit of small units was increased to Rs. 10 Crore of investment and Rs 50 Crore of turnover. Similarly, the limit of medium units was increased to Rs. 20 Crore of investment and Rs. 100 Crore of turnover. The Government of India on 01.06.2020 decided for further upward revision of the MSME Definition. For medium Enterprises, now it will be Rs. 50 Crore of investment and Rs. 250 Crore of turnover.