MSME stands for Micro, Small and Medium Enterprises. In a developing country like India, MSME industries are the backbone of the economy.
The MSME sector contributes to 45% of India’s Total Industrial Employment, 50% of India’s Total Exports and 95% of all industrial units of the country and more than 6000 types of products are manufactured in these industries (As per msme.gov.in). When these industries grow, the economy of the country grows as a whole and flourishes. These industries are also known as small-scale industries or SSI’s.
These are some features are :
Following documents are required for registration purpose:
MSME Registration about 2 working days.
Obtaining MSME registration or Udyog Aadhaar is not mandatory and is at the sole discretion of the Entrepreneur. However, it is recommended that most businesses obtain MSME registration right after registration to enjoy various benefits like protection against delayed payments under the MSMED Act.
No, MSME registration is now NOT converted to Udyog Aadhar registration. ... Udyog Aadhar Registration is the online method of Acquiring MSME registration. You get the 12 digit Udyog Aadhar Number for your Micro, Small or Medium Scale Industry and you have MSME registration in your hands.
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