What is MSME Registration?
MSME registration is a government certification that allows Micro, Small and Medium Enterprises to avail various subsidies, tax benefits, and schemes offered by the government.
Is MSME registration mandatory for small businesses?
No, it's not mandatory but highly recommended as it opens access to numerous benefits including tax relief and loan schemes.
What is the validity of MSME registration?
MSME registration remains valid as long as the business meets the eligibility criteria defined by the government.
What are the advantages of registering under MSME?
Benefits include lower interest rates on loans, subsidy on patent registration, protection against delayed payments, and preference in government tenders.