MSME Registration In India: Procedure, Documents Required: MSME (micro, small, and medium enterprise) industries are the backbone of the Indian economy. As per msme.gov.in, the MSME sector contributes to 45% of India’s Total Industrial Employment, 50% of India’s Total Exports. Therefore, then MSME industries grow, the economy of the country grows as a whole and flourishes.Also Read - Ever Defaulted On A Home Or Car Loan? 4 Rights That Person Facing Loan Default Should Know |Explained

MSME Registration In India: Even if the Company is in the manufacturing line or the service line, registrations for both these areas can be obtained as it provides a lot of benefits in terms of taxation, setting up the business, credit facilities, loans etc. Also Read - Stock Market Investment Tips: Planning to Invest? Follow These Tips For Best Returns | Watch Video

Step-by-Step MSME Registration Process Explained Also Read - Explained: What is Repo Rate and Reverse Repo Rate and How Does it Impacts The Economy

MSME registration is to be done in the government portal of udyamregistration.gov.in. Watch video to know the step-by-step MSME registration process. After the verification of registration, which may take a few days, the Udyam Registration Certificate is issued.