What Is an MSME?

Micro, Small and Medium Enterprises are categories of enterprises recognised under the applicable Indian legal framework.

What Does MSME Mean?

MSME is an umbrella term for enterprises recognised in categories under the applicable Indian framework. The category an enterprise falls into depends on the relevant criteria.

Why It Matters

The category matters because certain legal benefits, protections and obligations are connected with MSME recognition. An enterprise should be assessed against the current applicable criteria before relying on them.

Related Information

Related legal terms: Micro Enterprise, Small Enterprise, Delayed Payment

Related practice area: MSME Legal Services →

Dealing With a Related Matter?

This explanation is a general starting point. If the term matters in a specific situation you are facing, a conversation about your facts can help you decide the right next step.

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This definition provides general information and does not constitute legal advice. Laws change, and their application depends on the facts of a matter. For advice on your specific situation, consult a qualified lawyer.