MSME is the short form for Micro, Small and Medium Enterprises. It acts as the economy’s backbone for a developing country like India. They play a big role in contributing to India’s Total Industrial Employment to 45%, India’s Total Exports to 50% and the country’s Industrial units to 95%. These industries can manufacture almost 6000 different types of products. The success of the industries leads to the success of the economy. These industries are otherwise known as the SSI or Small Scale Industries.
Starting an MSME industry in India is very simple and easy. One just needs little money and talent to start the business. Thorough planning is required before starting and must stick to that particular plan for the long term success. Once after starting the business, the first thing to do is the registration of the business. After the work of registration is over, go ahead with the registration of MSME to enjoy various benefits like protecting one from the delayed payments and more.
MSME Registration popularly known as the Udyog aadhar registration can be obtained by the business of any type like the Proprietorships, LLP, Private Limited Company, Single Person Company, Co-operative society, Producer Company, or anyone who works with the small business. It is a must to register the company after starting up.
Criteria to perform MSME registration online
The MSME was established to facilitate, promote and development of the Micro, Small and Medium Enterprise. According to MSMED act 2006, a business should follow … Read More . . .