MSME Registration, also known as Udyam Registration, is a process that allows Micro, Small, and Medium Enterprises (MSMEs) to register with the Government of India. It is an essential step for businesses to access a range of government schemes, subsidies, and financial support.

The registration is crucial because:

It offers benefits such as easier access to loans with lower interest rates.

MSMEs can avail of various government schemes designed to promote growth and competitiveness.

It provides legal recognition and boosts business credibility.

MSMEs enjoy tax exemptions and financial assistance from the government. Also Read - https://www.companiesnext.com/msme-registration