Home | Loans | Business Loan | MSME Businesses – List of Businesses Comes Under MSME

MSME Businesses – List of Businesses Comes Under MSME

|

6 min read

Facebook Twitter LinkedIn
Facebook Twitter LinkedIn
List of Businesses Comes Under MSME

Micro, Small and Medium Enterprises, also known as MSME, refers to those establishments where the funding in the machinery and the plant does not exceed Rs.50 crores and the Annual turnover is below Rs.250 crores. The Government of India has a Ministry, namely the Ministry of Micro, Small and Medium Enterprises. The Ministry is dedicated to administering the rules, regulations and laws for such MSMEs.

The table below briefs the investment limit and annual turnover for Micro, Small and Medium Enterprises.

Type of Enterprise

Upper Limit in the Investment in Plant and Equipment/Machinery

Upper Limit in the Annual Turnover

Micro

Rs.1 crore

Rs.5 crore

Small

Rs.10 crore

Rs.50 crore

Medium

Rs.50 crore

Rs.250 crore

Business Categories Under MSME

There are two categories included in MSME, namely:

  • Manufacturing Enterprises: These are the organizations involved in the production of goods. They are further categorized based on the investment in the plant and machinery and the annual turnover.
  • Services Enterprises: These enterprises provide services and are further classified based on the investment in equipment and annual turnover.

List of Businesses Under MSME

Here is a list of 48 businesses that come under MSME:

  1. Active Pharmaceutical Ingredients
  2. Automobile garages
  3. Automobile Parts Components
  4. Automotive Electronic Component products
  5. Ayurvedic Products
  6. Back Office Operation in connection with Computerized Data
  7. Beauty Parlor
  8. Bicycle parts
  9. Call center
  10. Ceramics products
  11. Coir Industry
  12. Crèches
  13. Electronic Surveillance and Security
  14. Energy Efficient Pumps
  15. Engineering and Fabrication
  16. Furniture
  17. Glass products
  18. Handicraft activities
  19. Hosiery Products
  20. IT Solution Provider
  21. Khadi Products
  22. Laundry and Dry Cleaning
  23. Leather products
  24. Mechanical Engineering
  25. Micronutrients For Plants
  26. Molding
  27. Multi Channels Dish cable Antenna
  28. Natural Fragrance and Flavors
  29. Photographic lab
  30. Phone booths
  31. Photocopying
  32. Placement and Management Services
  33. Poultry Farm
  34. Printing
  35. Recorders, VCRs, Radios
  36. Rental and Leasing of equipment
  37. Retail Trade with low Capital
  38. Rubber Products
  39. Servicing of Agricultural Farm Equipment
  40. Stationery Items
  41. Tailoring
  42. Testing Labs for industries
  43. Toughened Metallic Ware
  44. Training and Educational Institution
  45. Transformer, Motors,
  46. Watches
  47. Wooden Furniture
  48. X-Ray Clinics

It is likewise vital to be conscious of the businesses that are not included under MSME. Enterprises that are not engaged in manufacturing and offer services will not be classified as Micro, Small and Medium Enterprises. Trading services are usually not included, but traders who develop and sell unique products are included. Along with the product, if the trader provides services, they fit into MSME. 

What is the reason for the success and growth of MSME in India?

  • The financial requirements are minimum.
  • A good share of the revenue from exports.
  • The capability in developing required and specific technology indigenously.
  • The adaptability in operation.
  • Significant Contribution to production in Connection with Defense.
  • Technology-focused Industries.
  • Replacement for products that were imported.
  • Easily accessible and well-connected locations.
  • Competitiveness with developed countries.
  • Competitiveness in the international export market.

What are the Schemes Available for MSME Financing?

The available MSME financings are:

1. MSME Loan:

The Small Industries Development Bank of India (SIDB) launched it, and the loan will be sanctioned in 59 minutes. An amount below 10 crores can be borrowed from 5 authorized Nationalized(PSU) Banks.

2. MUDRA Scheme for MSMEs:

Under the Micro Units Development & Refinance Agency scheme, the public sector or Government banks provide up to Rs.10,00,000 as loans.

MUDRA provides 3 Main types of loans based on the phase of the startup:

  • Shishu Plan: Under this scheme, the new MSMEs and Startups can avail of loans up to Rs.50,000
  • Kishor plan: Under this scheme, the mid-range MSMEs and Startups avail of loans up to Rs.5,00,000. 
  • Tarun plan: Under this scheme, the established MSMEs and Startups avail of loans up to Rs.10,00,000

3. CGFMSE:

Launched by MSME and SIDB, Credit Guarantee Fund Scheme for Micro and Small Enterprises Scheme lends loans to small enterprises and businesses up to Rs.10 Lakhs without collateral. However, for loans over Rs.10,00,000 and up to Rs.1,00,00,000 the loan is provided by giving a mortgage of land and building associated with the business.

4. Credit Facilitation Through Bank by NSIC: 

Launched by MSME, the loan facilities under the scheme are given by the National Small Industries Corporation.

NSIC has signed MoU with Private and Government banks to facilitate quick and special purpose loans for MSMEs and also aids in completing the documentation and legal formalities. 

5. CLCSS for Technology Upgradation:

Under the Credit Link Capital Subsidy Scheme, the government of India and MSME provide loans and credit facilities to upgrade their technologies. Loans up to Rs.15 Lakhs are provided under this scheme.

Which are the few companies which come under MSME?

According to Economic Times, the following is a list of best performing Micro, Small and Medium Enterprises in India

  • Olimax system Pvt Ltd, Pune
  • Minimac System Pvt Ltd, Pune
  • Assam Carbon Product Ltd, Guwahati
  • Emkay Taps and Cutting Tools Ltd, Nagpur
  • New Aniket Packaging Industries Pvt Ltd, Pune
  • Sea Hydrosystems India Pvt Ltd, Kancheepuram
  • Marudhar Packaging, Bengaluru
  • Shiva Granito Export Pvt Ltd, Udaipur
  • Acemicromatic Manufacturing Intelligence Technologies Pvt Ltd, Bengaluru
  • Aerol Formulations Pvt Ltd, New Delhi

Conclusion

Hence, if you scheme to set up a start-up or a small scale business that fits in the categories mentioned, it would be of greater advantage. MSMEs get loans under special government schemes and also from Non-Banking Finance Companies. So kick start your journey into the world of entrepreneurship.

List of Businesses Comes Under MSME FAQs:

1. What are the benefits of setting up an MSME?

The following are the benefits of setting up a Micro, Small and Medium Enterprises: 1. A major benefit of setting up an MSME is that one can acquire a loan without collateral. Various fin-tech companies and NBFCs lend money to MSMEs and lend money to such enterprises, 2. The Electrical Bills that MSMEs are entitled to are comparatively lower, 3. Also, MSMEs get subsidies on Patent registration, as a way to motivate them to innovate and work on novel projects continuously.

2. Who is the Minister of MSME formed?

Mr Narayan Tanu Rane is the Minister of MSME of India.

3. What is NIC Code?

National Industrial Classification(NIC) code is the code that is used for the registration of Udyog Aadhar and LLP or Company Registration. A compulsory code is required while registering under the Udhyog for an MSME.


Learn More:
MSME Schemes
Everything MSMEs Need to Know About GST
Benefits Of MSME Registration in India
Zero-balance Current Account: How is it Beneficial for MSME & SMEs?
MSME Registration – Small Business & SSI Application Online in India
Udyamregistration.gov.in – Udyam Registration Online for MSME’s
Difference between Working Capital and Startup Loan
Working Capital Loan EMI Calculator
Difference Between Working Capital Loan and Term Loan
Loan for Chartered Accountants
Accounts Receivable Financing
Best Free Accounting Software for Small Business
Difference between tin tan vat pan dsc and din
epf balance
form 15g
how to withdraw pf amount online using ua
Fssai License
Business Ideas for Women
10 Business Ideas after Lock Down
Business Skills are Needed to Run Business
Business loan for women
Agriculture business plan
Dairy farm loan
Mudra Loan
Small Scale Industries in India
GST Registration Online
Aadhar Card Status
PAN Card Correction & Update
Aadhaar Card Download
PAN Card Apply Online
Instant PAN Card through Aadhaar
PAN Card Mistakes – To Avoid
How to Link Aadhaar with PAN Card
PAN Card Details Search By Name, DoB, PAN Number & Address
What is a Cancelled Cheque


0
Would love your thoughts, please comment.x
()
x