All about Micro, Small & Medium Enterprises (MSME)

Manju Laur | Last updated: 24 January 2022

Save Share

Quick Summary

Micro, Small, and Medium Enterprises (MSME) are vital to India's economy, contributing significantly to GDP and employment. Introduced in 2006, MSMEs are classified based on investment and turnover limits. Obtaining a Udyam Registration, though not mandatory, offers benefits such as lower interest rates on loans, easier access to credit, and tax concessions.

The concept of Micro, Small and Medium Enterprises (MSME) was first introduced in India in the year 2006. The MSME Sector has seen drastic growth in past five decades. The MSMEs are a crucial part of the economy and plays a vital role in the supply chain. MSME Sector generates employment and foster the entrepreneurship thereby, contributes to the develop of economy. The domain of MSMEs is getting wider as theyre meeting the demand of their products and services in domestic as well as global mark

Daily Limit Reached

You have reached your daily limit of 2 Free Articles

Subscribe to CCI PRO for unlimited access

Why Upgrade to CCI PRO?

No Ads
WhatsApp Community
Daily E-Newsletter
Unlimited Articles Access
Profile Visitors
Link Social Profiles
Featured Job Posts
Pro Badge
Expert GST Guidance
Unlimited Forum Replies
Download Content in PDF

1 Year PLAN

1999

(Excl. of GST ₹359)

BEST VALUE

2 Years PLAN

3499

(Excl. of GST ₹629)

3 Months PLAN

999

(Excl. of GST ₹179)

View all CCI PRO benfits

Already a PRO member? Login here for an ad-free experience.

3088 Views Comment Share Corporate Law Report

About the Author

Manju Laur

Company Secretary

Specialties: Corporate Laws, Secretarial Audits, FEMA, SEZ, Legal Advisory, Consulting, Due Diligence, Governance, Risk and Compliance, Licences. I have also been Member Women Empowerment Committee NIRC-ICSI 2017

View Articles

Comments :