The MSME scheme is launch by the Government of India under this scheme govt. help financially to all the Micro to Medium units. This Scheme is successfully run by the Government of India and encourages our country's young generation to self-employment. In current conditions, these MSME units support a lot to our country's economic growth in a holistic manner. In developing countries like India, MSMEs are the backbone of the economy. These units contribute at a large scale to the socio-economic development of the country. Every state and central government has always encouraged MSMEs and provide direct benefits to them. It also helps to generate employment. You can only take all the benefits of this scheme if your business has registered under the MSME/SSI Act. As per the revised definition of MSMEs, there are two types of categories as manufacturing and as service enterprises. Sectors under MSME Scheme As per the MSME Development Act, 2...
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