MSME Certificate Updating requirement

The Micro, Small and Medium Enterprises Development Act (MSMED), 2006 was enacted to support the creation and development of MSMEs. In the Union Budget 2025, Finance Minister Nirmala Sitharaman announced a major update to the New MSME classification, increasing the investment limit by 2.5 times and doubling the turnover limits. The revised MSME criteria comes into effect from April 1, 2025.

It is a mandatory requirement to keep the MSME Certificate Updated every year. Under the Udyam Registration system, MSME units are expected to update their details regularly, particularly because of the revised classification norms.

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