MSME registration is required for micro, small and medium-sized enterprises to avail various incentives provided under the MSMED Act.
MSME stands for micro, small and medium enterprises and any enterprise that falls under any of these three categories. MSME enterprises are the backbone of any economy and are an engine of economic growth, promoting equitable development for all. Therefore, to support and promote MSMEs, the Government of India through various subsidies, schemes and incentives promote MSMEs through the MSMED Act. To avail the benefits under the MSMED Act from the Central or State Government and the Banking Sector, MSME Registration is required.
ShriAssociates can help your business obtain MSME Registration.