10 July 2022
No difference as such. Government changed nomenclature after few amendments to same act. MSME registration or Udyog Aadhaar can be obtained by any type of business entity. Proprietorships, Hindu Undivided Family, Partnership Firm, One Person Company, Limited Liability Partnership, Private Limited Company, Limited Company, Producer Company, any association of persons, co-operative societies or any other undertaking can obtain MSME registration in India. Only those entities that can be classified as a micro, small or medium enterprise under the following criteria as per the MSMED Act, 2006 is eligible to obtain MSME registration or Udyog Aadhaar:
In case of entities engaged in manufacturing or production of goods:
Micro enterprise: Any entity wherein the investment in plant and machinery does not exceed rupees twenty five lakhs.
Small enterprise: Any entity wherein the investment in plant and machinery does not exceed rupees five crores but also more than rupees twenty five lakhs.
Medium enterprise: Any entity wherein the investment in plant and machinery does not exceed rupees ten crores but also more than rupees five crores.
In case of entities engaged in providing or rendering of services:
Micro enterprise: Any entity wherein the investment in equipment does not exceed rupees ten lakhs.
Small enterprise: Any entity wherein the investment in equipment does not exceed rupees two crores but also more than rupees ten lakhs.
Medium enterprise: Any entity wherein the investment in equipment does not exceed rupees five crores but also more than rupees two crores.
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