MSME Registration
Registering as an MSME (Hyper link) is crucial to access the advantages offered by the MSMED Act from the federal or state government and the banking industry. An MSME is classified as a micro, small, or medium business. In the past fifty years, India's MSME sector has emerged as a vibrant and thriving segment of the country's economy. Registering as an MSME is crucial to access the advantages offered by the MSMED Act from the federal or state government and the banking industry. An MSME is classified as a micro, small, or medium business. In the past fifty years, India's MSME sector has emerged as a vibrant and thriving segment of the country's economy.
On May 13th, 2020, the Indian Government made a significant announcement of providing relief to MSMEs. Furthermore, they have updated the definition of MSME, which is a significant relief. The new definition does not differentiate between manufacturing and service firms, but instead increases the investment level and adds a turnover requirement.
MSME Registration
While MSME registration is not legally mandatory, it does offer numerous benefits to businesses such as reduced borrowing rates, tax rebates, electricity tariff discounts, and various other advantages. Our services ensure that you can obtain SSI or MSME registration within one business day with the best possible results.