The Ministry of Micro, Small and Medium Enterprises issues MSME certificates. It grants legal status to firms classed as micro, small, or medium enterprises (MSMEs). The certificate enables businesses to access a variety of government incentives and schemes.

Here are 5 MSME schemes to grow MSME sectors. MSME registration is an online process where business owners don’t need to submit documents or proof. Here are few advantages and disadvantages of MSME.

However, they will still need to sign a self-declaration form and provide their Aadhaar numbers. The government will get the business owner’s PAN and GST details from the investments and turnovers that the companies make through their databases.

Udyam registration is free, and MSMEs can access their certificates after completing the formalities using a dynamic QR code.