MSME is basically known as Ministry of Micro, Small & Medium Enterprises. MSME falls under micro, small & medium sized enterprises. MSME enterprises are the strength of any economy and are an engine of economic growth.
Udyog Aadhar is a facility by which your company gets a 12 digit unique ID and becomes a legal entity. Any micro, small or medium enterprise to start out any business needs to get itself registered under Udyog Aadhar.
Small Scale Industries (SSI) or Micro, Small and Medium Enterprises (MSME) can register themselves under the MSMED Act. It isn't necessary, but very beneficial to do so, as it only exists to offer benefits to those registered under it.
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