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Micro, Small and Medium enterprises in India need to register themselves as MSME with the Ministry of Micro, Small and Medium Enterprises. The MSME registration also called the Udyog Aadhaar registration is not mandatory by law but the additional benefits that come with the registration are encouraging enough for the owners and promoters of these enterprises to get the unit registered.
This industry offers the highest employment opportunities to the general public. The sector employs 69% of the total employed crowd in India, contributes 45% to the manufacturing sector and 45% to exports and is expected to contribute 50% to India’s GDP by 2024. The business entities that can benefit under the MSMED Act are:
The following documents need to be submitted along with EM--II for UdyogAadhaar registration:-
Source url - https://enterslice.puzl.com/_news/MSME-Registration-and-its-Benefits/128949
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