MSME refers to the Micro, Small and Medium Enterprise. These enterprises plays a vital role in the economy of India. It is because these industries serves as the raw material producer for the large scale industries. They also produce those products which are not produced by the large scale industries. These industries also acts as a job provider in rural and backward areas where large scale industries does not operate. They are easy to establish in backward areas due to their low establishment and maintenance costs. They help the government in developing the backward areas by providing job opportunities and improving the standard of living of the people residing in those areas.
Although, online registration for these industries is not compulsory. But it is always recommended to them to get the registration done, to avail various benefits offered by the government. These benefits include less rate of tax, low electricity charges, availability of and on low prices, subsidies in other resources, etc.
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