MSME is the abbreviation for micro, small, and medium enterprise. MSME enterprises, the foundation of any economy is an instrument of economic growth, bringing about an impartial improvement for everyone.
The government has begun various schemes and incentives for MSMEs in order to encourage small scale industries and there is no government fees for MSME Registration. However, Udyam Registration is mandatory to avail such schemes.
Only manufacturing and service provider companies can register under MSME. Traders are not eligible to register under MSME. MSME registration is also called as Udyam Registration. The registration process of an MSME is simple, requiring very few documents.
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