MSME signifies micro, small and medium enterprises and any enterprise that lies any of these three groups. MSME enterprises are the fortitude of any economy and power of economic growth, enhancing equal establishment for all. Thus, the MSMED Act of India facilitates the promotion and establishment of enterprises through many incentives, schemes and subsidies in order to encourage and create MSMEs. To use the advantages under the MSMED Act from Central or State Government and the Banking Sector, MSME Registration is essential. Micro, Small and Medium sized enterprises in both the manufacturing and service sector can achieve MSME Registration under the MSMED Act. However the MSME registration is not statutory, it is helpful for business as it offers a range of benefits such as eligibility for lower rates of interest, tax subsidies, excise exemption scheme, capital investment subsidies, power tariff subsidies and other support. Skill Development Advisor (SDA) can assist your business in achieving MSME Registration to gain a host of benefits.