MSME represents micro, small and medium enterprises and any company that falls under any of these three categories. MSME enterprises are the backbone of any economy, and are an engine of economic growth, promote equitable development for all. Therefore, to support and promote MSMEs, the Government of India, through various subsidy schemes, incentives, and promotion of MSMEs through the MSMED Act. To avail of the benefits under the MSME Act from the Central or State Government and the Banking Sector, MSME Registration requires. Micro, small and medium enterprises, both in the manufacturing sector and the service can obtain registration under the MSMED MSME Act.