MSME stands for Micro Small and Medium enterprises. There are many enterprises that fall under this category. These enterprises form the backbone of the country’s economy and push forward the economic growth of the nation.

Seeing its importance, the government of India provides several benefits to these enterprises. However, for that, they have to register under the MSMED act.

Though not statutory, it is suitable for all. The benefits that it provides entail:

Lower rates of interest

Excise exemptions

Power tariff subsidies

Tax subsidies

Capital investment subsidies.

Others

Our team of VIDHIPATRA LEGAL SOLUTIONS LLP can assist you with obtaining this license at the right time today. Get in touch with us and avail this registration service.