by CA V. Viswanathan
FCA, ACS, CFE, Registered Valuer (S&FA) | Since 2012
Check if your enterprise qualifies as Micro, Small, or Medium under the latest MSME Classification (Notification S.O. 2119(E) dated 26.06.2020) and discover benefits you can avail.
MSMED Act 2006 (with revised definitions effective 1 July 2020) classifies enterprises as Micro / Small / Medium based on a combined investment-and-turnover threshold: Micro (≤₹1 crore investment AND ≤₹5 crore turnover); Small (≤₹10 crore investment AND ≤₹50 crore turnover); Medium (≤₹50 crore investment AND ≤₹250 crore turnover).
Udyam Registration (replacing Udyog Aadhar from 2020) is the unified MSME registration available online via the Udyam portal. Registration is free, requires only Aadhaar of proprietor / partner / director, and takes 5-10 minutes.
Benefits: priority sector lending; collateral-free loans up to ₹10 lakh under MUDRA; CGTMSE coverage up to ₹5 crore; PPP scheme participation; subsidies for technology upgradation; protection under Section 43B(h) of the Income Tax Act (45-day payment rule for MSME suppliers); and various state-level incentives.
This checker validates eligibility against current thresholds. For Udyam registration, MSME compliance, or Section 43B(h) compliance for MSME-payment recipients, consult CA V. Viswanathan at +91 99622 60333.