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MSME is the registration of Micro Small and Medium enterprises. This registration is also termed as UdyogAadhar or LaghuUdyog. Under this registration the entities are divided as per into micro or small or medium enterprise as per their investment in manufacturing business or in service sector.
The main advantage the business entity from MSME registration is it provides a recognition to the business by providing a unique number to the entity. This MSME sector results in the According to the MSME data, this MSME sector contributes near about 50% total export, 45% total Industrial Employment, and about 95% industrial units in which more than 6000 products are manufactured. With the growth of these MSME industries, there will be the growth in economy and reduce unemployment too by employing a good volume of unskilled and semi-skilled people. The industries registered under MSME are also known as SSI i.e. small-scale industries.
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