Govt of India asking MSMEs to register their enterprise under the ministry of MSME .this will help Government to provide different benefits for MSMEs and help these enterprises to grow.
Govt runs a number of flagship schemes to improve MSME sectors health. Some of these schemes are CGTMSE,PMMY,

How Udhyam Registration can change the fate of MSME

This registration provides numerous benefits, including access to government schemes, subsidies, and easier access to credit. Registration is crucial for businesses seeking to expand and benefit from government initiatives targeted at MSMEs.
Udhyam registration allowes MSME to take Collateral free loans with lower interest rates.allows it will may make businsss to elligbile for certain tax exepmtions and concessions.
• Protection against delayed payments
• Reimbursement of ISO certification fees
• Trademark and patent registration discounts
• Waiver of government security deposits
• Concessions on utility bills
• Eligibility for government tenders

Access to Finance • The MUDRA (Micro Units Development & Refinance Agency) Scheme and TReDS (Trade Receivables Discounting System) help MSMEs access credit easily. • Fintech companies and NBFCs (Non-Banking Financial Companies) are playing a crucial role in providing quick and collateral-free loans

Are traders eligible for Udyam registration?

yes retail and wholesalers traders can apply for Udhyam registration know as MSME registration

Can a builder or contractor register under the MSME Act?

yes he can register

Can a coaching institute be registered under the MSME Act?

yes he can register in service catagory

Can a furniture trader get an MSME registration?

yes. he can register

Can a sweet shop owner apply for an MSME loan?

yes. he can register

Can an import export company be registered under MSME?

yes, can be registered based on crietrion

Can an online business be registered under MSME?

yes, can be registered