Complete Guide to MSME Classification: Which Businesses Qualify Under MSME in India

Micro, Small, and Medium Enterprises (MSMEs) are the backbone of the Indian economy. Contributing around 30% to India’s GDP and employing more than 11 crore people, MSMEs span across manufacturing, trade, services, and even agri-allied sectors. Recognizing their role, the Indian government has designed multiple schemes, incentives, and a formal classification system to support them.But the question arises: What businesses fall under the MSME category? Whether you’re a budding entrepreneur or an established business owner, understanding where your business stands under MSME classification is crucial for growth, funding, compliance, and opportunities.This article serves as your complete guide to MSME classification — with a detailed list of industries, sectoral examples, benefits, and how to identify your eligibility.