MSME Certification in India: The Process and Benefits

MSME stands for Micro, Small, and Medium Enterprises. The MSMED Act of 2006 [Micro, Small & Medium Enterprises Development Act of 2006] governs these businesses. Let’s start with the MSMED Act’s definitions of Micro, Small, and Medium Enterprises. Previously, the MSMED Act divided these businesses into two categories: manufacturing and service, and defined them based