What are Micro, Small and Medium Enterprise (MSME)?

They are defined in term of investment in Plant and Machinery/ Equipment  as below:

Registration Process

1. To do the registration the small and medium scale industry owner has to fill a single form (https://udyogaadhaar.gov.in/UA/UAM_Registration.aspx)
2. No document is required for registration, only following information is required:
3. Aadhar number, 
4. PAN No.
5. Industry name,
6. Address,
7. bank account details and
8. some common information.

1. There are no registration fees required for this process.
2. Once the detail-filled and upload you would be getting the registration number, immediately .

Benefits of MSME Registration

1. Due to the MSME registration, the bank loans become cheaper as the interest rate is very low around ~ 1 to 1.5%. Much lower than interest on regular loans.
2. There are various tax rebates offered to MSME.
3. It also allowed credit for minimum alternate tax (MAT) to be carried forward for up to 15 years instead of 10 years
4. There are many government tenders which are only open to the MSME Industries.
5. They get easy access to credit.
6. Once registered the cost getting a patent done, or the cost of setting up the industry reduces as many rebates and concessions are available.
7. Business registered under MSME are given higher preference for government license and certification.
8. GST registered MSMEs can get 2% interest subvention from Government for incremental loans of Rs 1 crores under the MSME Credit Scheme
9. There is a One Time Settlement Fee for non-paid amounts of MSME.