What is the purpose of MSME?

RealtracIP is a firm engaged in the practice of Intellectual Property Rights (IPR) such as Trademarks, Copyrights, Patents, Designs and Real Estate Consultancy Established In 2002-2003, and has a dedicated team of expertise.
RealtracIP Team has serviced clients of all sizes from different industries. The foundation of our practice is a belief that efficient service is based on commercial vision and creativity, effectively capitalizing the deep expertise and practical knowledge that specialization brings
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MSME stands for micro, small and medium enterprises and any enterprise that falls under any of these three categories. MSME enterprises are the backbone of any economy and are an engine of economic growth, promoting equitable development for all. Therefore, to support and promote MSMEs, the Government of India through various subsidies, schemes and incentives promote MSMEs through the MSMED Act. To avail the benefits under the MSMED Act from Central or State Government and the Banking Sector, MSME Registration is required.
ADVANTAGES OF MSME REGISTRATION
MSME Registration
1 MSME Registration is an optional Registration under the MSMED Act that provides Micro, Small and Medium sized enterprises with a host of benefits and access to subsidies and schemes.  Central or State Government and the Banking Sector, MSME Registration is required. 
2 Small Enterprise
A Small Enterprise in the manufacturing sector is an enterprise with more than Rs. 25 lakhs but not exceeding Rs. 5 crores of investment in plant & machinery. A Small Enterprise in the service sector is an enterprise with more than Rs. 10 lakhs but not exceeding Rs. 2 crores of investment in plant & machinery.
3 Registration Criteria
To be classified as a MSME, Enterprises in the Manufacturing sector need to have less than Rs.10 crores of investment in plant & machinery; service Enterprises must have an investment of less than Rs.5 crores of investment in plant & machinery.
4 Micro Enterprises
A Micro Enterprise in the manufacturing sector is an enterprise with less than Rs. 25 lakhs of investment in plant & machinery. A Micro Enterprise in the service sector is an enterprise with less than Rs. 10 lakhs of investment in plant & machinery



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