Small and medium-sized enterprises (MSMEs) are the backbone of the Indian economy. They account for over 90% of all businesses in India and employ over 80% of the workforce. MSMEs play a vital role in the Indian economy by generating employment, promoting innovation, and driving economic growth. Generating Employment One…
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…