MSMEs are the backbone of the Indian economy, accounting for over 40% of the country’s GDP. It could then go on to explain that MSME registration can help businesses overcome challenges in accessing finance, government schemes, and other support. The introduction could also mention some of the specific benefits of…
MSME registration is an essential step for any business to legally commence its operations in India. The registration process is free, paperless, and based on self-declaration. It is categorized into two main types: manufacturing enterprises and service enterprises. Recently, the Union Cabinet, led by Prime Minister Narendra Modi, officially revised…