MSME was introduced in India in the year 2006. The sectors which were not included and in-frame earlier now have the recognition through MSME. The name defines itself as Micro, Small, and Medium-sized enterprises. The government has simplified the MSME registration criteria reducing the paperwork. Now, the companies can go for MSME registration online.
This sector incorporates many opportunities for large-scale employment and plays a significant part in the development of industrialization in the rural and backward areas. Hence, it serves India's legacy economic model to a considerable extent. The sector also plays a crucial role in the supply chain of products and services.
Of course, there is no compulsion of getting MSME registration done but it is advisable to the enterprises that they must register them if they fall under this category. The reason behind this is the perks the enterprises can have after the MSME registration, for example, assistance from the government sector, capital investment subsidies, tax subsidies, less charge on rate of interest, and many more.
Get your MSME new registration done online with MSME certificate fees under us. MSME Provisional Registration Certificate (PRC) has a validation period of 5 years. You might be able to apply again for the certificate if the unit is still not under operation. Once you process to begin with your operations, As soon as you start with your operations, you will be qualified to apply for a permanent license.