Business is the back bone of any country. According to turnover businesses are categorized into 3 types like micro business, small business and medium business according to govt. India.
If the investment is < 25 lakhs: Micro Business
If the investment is < 5 crores : Small Business
If the investment is < 10 crores: Medium Business
To promote business, Govt. of India launched MSME scheme. So that businesses can grow. To avail the benefits of the scheme a business have to register under UDYAM PORTAL and should get Udyam certificate/ msme certificate. Udyam registration certificate is also considered as the document proof for any business.