Yes. As per clause 2.2.3. grouping of the applicant under MSME category is subject to applicant’s registration as Micro, Small & Medium Enterprises (MSME) with the Ministry of MSME, Government of India. Upon selection under the scheme, the MSME applicant will be eligible for incentive based on the yearly threshold criteria of minimum cumulative investment (Committed Investment in case of MSME) and minimum percentage growth in sales of eligible products as mentioned in Appendix B of the guidelines. As such, the scheme does not provide any restriction for MSME applying under the Scheme and can graduate to non-MSME entity based on its investments under the Scheme and other investments during the tenure of the scheme.