Understanding MSME Registration in India – Benefits and Procedure
For quite some time now, the Indian Government has been focusing on the MSME sector. A lot of beneficial schemes have been designed for the SMEs and MSMEs. Unfortunately, a big part of the industry, still are not aware of the benefits that they can be availed.
The Micro, Small and Medium Enterprises Act, 2006 defines MSMEs engaged in manufacturing or production of goods, in any manner, pertaining to any industry specified in the First Schedule to the Industries (Development and Regulation) Act 1951 based on their investment in plant and machinery or engaged in providing or rendering of any service or services.