Explore MSME's updated definition and latest 2025 classification criteria based on investment and turnover. Understand micro, small, and medium enterprise MSME stands for Micro, Small, and Medium Enterprises. Under the MSME Development Act of 2006, MSMEs are businesses classified based on their annual turnovers. These businesses are usually involved in manufacturing, production, processing and preservation of goods and commodities. MSME stands for Micro, Small, and Medium Enterprises. These are businesses engaged in manufacturing, production, or providing services, and they operate under the supervision of the Ministry of Micro, Small and Medium Enterprises in India. MSME stands for Micro, Small and Medium Enterprises in India. The definition and criteria of MSMEs have been revised several times since 2020, based on investment and turnover limits.
