What is MSME?
Key Points
- MSME (Micro, Small, and Medium Enterprises) registration is now done via Udyam Registration on the government portal.
- Classification is based on investment in plant & machinery / equipment and annual turnover.
- Registered MSMEs get priority sector lending, lower interest rates, and various tax & tender benefits.
- Udyam Registration is free, Aadhaar-based, and gives a permanent identification number.