MSME Business List

Many people have a general query Which Business Comes Under MSME? So we have answered the question this blog post and explore the complete list of MSME Business in India.

Everyone aspires to be their own boss and pursue their own interests. You have already taken the first step toward entrepreneurship if you are not afraid of failure, as greats have been in the past. There are no restrictions on who can start a business based on their age or gender. Since you have the freedom and opportunity to make your business what you want, it’s crucial if you’re an entrepreneur that you adore it. It can be challenging to understand why you should invest in your brand and image if you are a fresh start-up or small firm. The quick method that people think of you is through your brand. Every entrepreneur forges their own path.

Take your own advice to heart. Whatever the motivation behind your desire to launch your own company, doing so may be both personally and financially gratifying if you have the appropriate business idea. Launching a start-up is similar to starting anything else. Not trying hard enough is the biggest error you can make. If there is a secret to success, it is not to be ignorant of it.

The term “Micro, Small and Medium Enterprises,” or MSME, refers to businesses whose annual turnover is less than Rs. 250 crores and whose investment in machinery and plant does not exceed Rs. 50 crores. The Ministry of Micro, Small, and Medium Enterprises is a department of the Indian government. The Ministry is committed to overseeing the laws, rules, and regulations pertaining to such MSMEs.

The investment cap and annual revenue for Micro, Small, and Medium Enterprises are summarised in the table below.

Micro, Small, and Medium-Sized Enterprises are essential to an economy’s ability to sustain a noticeable growth rate and create job opportunities. In many industrialized and emerging nations, this sector has been viewed as the driving force behind both social and economic development. MSMEs have made a great contribution to the Indian economy in terms of creating jobs, reducing regional inequalities, promoting equitable economic growth, and increasing the nation’s export potential. 

Organizational Types for MSME

MSME is divided into two groups, namely:

Manufacturing Enterprise: These are the businesses engaged in the manufacture of goods. They are further divided into groups based on the annual turnover and the investment made in equipment and plant.

Services Enterprise: These companies offer services and are further categorized according to the amount of money they spend on equipment and their yearly revenue.

This sector has shown extraordinary success in terms of growth in number, amount of investment, size of output, and total contribution to national GDP despite significant infrastructural shortcomings and obstacles such flow of institutional credit and inadequate market links.

MSME Business List

No matter the size or type of the firm, we think it’s crucial to create a business plan. Here are a MSME business list for business planning to help:

Check the detailed NIC code list here.

SECTION A – AGRICULTURE, FORESTRY AND FISHING

01 – Crop and animal production, hunting and related service activities

02 – Forestry and logging

03 – Fishing and aquaculture

SECTION B – MINING AND QUARRYING

05 – Mining of coal and lignite

06 – Extraction of crude petroleum and natural gas

07 – Mining of metal ores

08 – Other Mining and quarrying

09 – Mining support service activities

SECTION C – MANUFACTURING

10 – Manufacture of food products

11 – Manufacture of beverages

12 – Manufacture of tobacco products

13 – Manufacture of textiles

14 – Manufacture of wearing apparel

15 – Manufacture of leather and related products

16 – Manufacture of woodland products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials

17 – Manufacture of paper and paper products

18 – Printing and reproduction of recorded media (This division excludes publishing activities, see section J for publishing activities

19 – Manufacture of coke and refined petroleum products

20 – Manufacture of chemicals and chemical products

21 – Manufacture of pharmaceuticals, medicinal chemical and botanical products

22 – Manufacture of rubber and plastics products

23 – Manufacture of other non-metallic mineral products

24 – Manufacture of Basic Metals

25 – Manufacture of fabricated metal

26 – Manufacture of computer, electronic and optical products.

27 – Manufacture of electrical equipment

28 – Manufacture of machinery and equipment n.e.c.

29 – Manufacture of motor vehicles, trailers and semi-trailers

30 – Manufacture of other transport equipment

31 – Manufacture of furniture

32 – Other manufacturing

33 – Repair and installation of machinery and equipment

SECTION D – ELECTRICITY, GAS, STEAM AND AIR CONDITION SUPPLY

Division 35 – Electricity, Gas, Steam and Air Condition Supply

SECTION E – WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND SUPPLY

36 – Water collection , treatment and supply

37 – Sewerage

38 – Waste collection, treatment and disposal activities materials recovery

39 – Remediation activities and other waste management services

SECTION F – CONSTRUCTION

Division 41 – Construction of buildings

Division 42 – Civil engineering

Division 43 – Specialized construction activities

SECTION I – ACCOMODATION AND FOOD SERVICE ACTIVITIES

Division 55 – Accommodation

Division 56 – Food and beverage service activities

SECTION J – INFORMATION AND COMMUNICATION

Division 58 – Publishing activities

Division 59 – Motion picture, video and television programme production, sound recording and music publishing activities.

Division 60 – Programming and broadcasting activities

Division 61 – Telecommunications

Division 62 – Computer programming, consultancy and related activities

Division 63 – Information service activities

SECTION K – FINANCIAL AND INSURANCE ACTIVITIES

Division 64 – Financial service activities, except insurance and Pension funding

Division 65 – Insurance, reinsurance and pension funding, except compulsory social security

Division 66 – Other financial activities

SECTION L – REAL ESTATE ACTIVITIES

Division 68 – Real estate activities

SECTION M – PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES

Division 69 – Legal and accounting activities

Division 70 – Activities of head offices; management consultancy activities

Division 71 – Architecture and engineering activities; technical testing and analysis

Division 72 – Scientific research and development

Division 73 – Advertising and market research

Division 74 – Other professional, scientific and technical activities

Division 75 – Veterinary activities

SECTION N – ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES

Division 77 – Rental and leasing activities

Division 78 – Employment activities

Division 79 – Travel agency, tour operator and other reservation service activities

Division 80 – Security and investigation activities

Division 81 – Services to buildings and landscape activities

Division 82 – Office administrative, office support and other business support activities

SECTION O – PUBLIC ADMINISTRATION AND DEFENCE; COMPULSORY SOCIAL SECURITY

Division 84 – Public administration and defence; compulsory social security

SECTION P – EDUCATION

Division 85 – Education

SECTION Q – HUMAN HEALTH AND SOCIAL WORK ACTIVITIES

Division 86 – Human health activities

Division 87 – Residential care activities

Division 88 – Social work activities without accommodation

SECTION R – ARTS, ENTERTAINMENT AND RECREATION

Division 90 – Creative, arts and entertainment activities

Division 91 – Libraries, archives, museums and other cultural activities

Division 92 – Gambling and betting activities

Division 93 – Sports activities and amusement and recreation activities

SECTION S – OTHER SERVICE ACTIVITIES

Division 94 – Activities of membership organizations

Division 95 – Repair of computers and personal and household goods

Division 96 – Other personal service activities

SECTION T – ACTIVITIES OF HOUSEHOLDS AS EMPLOYERS; UNDIFFERENTIATED GOODS AND SERVICES-PRODUCING ACTIVITIES OF HOUSEHOLDS FOR OWN USE

Division 97 – Activities of households as employers of domestic personnel

Division 98 – Undifferentiated goods- and services-producing activities of private households for own use

SECTION U – ACTIVITIES OF EXTRATERRITORIAL ORGANIZATIONS AND BODIES

Division 99 – Activities of extraterritorial organizations and bodies

What benefits come with registering and starting an MSME business?

The advantages of establishing a Micro, Small, and Medium Enterprise are as follows: 

1. The ability to obtain a loan without collateral is one of the main advantages of establishing an MSME. Numerous NBFCs and fin-tech companies provide loans to MSMEs and other small- and medium-sized businesses.
2. MSMEs are eligible for significantly cheaper electrical bills.
3. MSMEs also receive subsidies for patent registration, which encourages them to consistently work on innovative initiatives and develop.

What is the MSME NIC Code?

Udyog Aadhar or Udyam Registration are both registered using the National Industrial Classification (NIC) number. While registering for an MSME under the Udhyog/ Udyam, a mandatory code is needed.

Therefore, it would be more beneficial to your business, if you planned to launch a start-up or small firm that falls inside the specified categories.

Choose the best business startup idea from the MSME List of Business, and make your dream come true. As the Indian government is supporting the local small scale industry by providing training, financial helps and many more.

MSMEs registered businesses can obtain loans from non-banking finance companies as well as through specific government schemes & programmes. Before getting an MSME loan do register your business under the new msme portal called udyam registration portal. Therefore, get started on your entrepreneurial path.