What is MSME and what are the benefits of MSME registration?

What is MSME and what are the benefits of MSME registration?

MSME (Micro, Small, and Medium Enterprises), as the name suggests, includes enterprises that are at a medium or below the medium level with respect to the terms of production and investment. MSME, in India, follows The MSMED Act, 2006 that is The Micro Small and Medium Enterprises Development Act, 2006.

MSME registration is not compulsory for businesses. However it is always advisable to register under MSME scheme as it is beneficial for business and provides a range of benefits like lower rate of interest, exemption in excise, tax subsidies, rating subsidies, capital investment subsidies etc.


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