Micro, small and medium enterprises (MSME) / Small scale industries (SSI) are considered as backbone of Indian economy. The MSME Sector plays a very important role in providing major industrial employment. MSME or Udyog Aadhar registration is the registration obtained under the Micro, small and medium enterprise development act, 2006. This certificate is provided by Ministry of Micro, small and medium enterprises.
Benefits of MSME
- Various Tax Rebates offered to MSME
- Easy Access to credit available
- Easy Bank loan available at lower rate of interest
- Subsidy for patent and trademark registration
- Preference over others in government tenders
- Safeguard from financial harassment by big industries
- Concession on Electricity Bill