An Act, called Micro, Small and Medium Enterprises Development Act, 2006 (MSMED Act) was enacted vide President’s assent on 16th June 2006. The objective of the Act is to facilitate the promotion and development and to enhance the competitiveness of micro, small and medium enterprises and for matters connected therewith and incidental thereto.
Filing of a new Udyog Aadhaar Memorandum was started with effect from 18/09/2015 which is extremely easier in comparison to the earlier procedure while continuing granting the same benefits.
Government is extending many benefits and help to entrepreneurs through various policy decisions. All these facilities available to MSMEs are explained in the Book.
Latest FAQ on CGTMSE encompassing Credit Guarantee Scheme has also been given in the book which will be very helpful to the readers.