📝 One-liners · 66 cards
Setting up of MSME
What is the first step to legally set up an MSME in India?
The first step is to register the enterprise under Udyam Registration on the official government portal, which provides a unique Udyam Registration Number (URN) and serves as the primary identity for the MSME.
What is the minimum paid-up capital required to register an MSME as a Private Limited Company in India?
No minimum paid-up capital is required under Companies Act 2013.
Which ministry governs MSME policy and development in India?
The Ministry of Micro, Small and Medium Enterprises (MoMSME) governs MSME policy, development, and promotional activities in India.
Which online portal is used for Udyam Registration of MSMEs in India?
The portal udyamregistration.gov.in is used for Udyam Registration.
🔒
Unlock 66 revision one-liners
Interactive flashcard deck — flip every card to drill questions and answers, mark the ones you got wrong, and revise smarter for Setting up of MSME.
🪙
Unlock cost
300 coins
30-day access · re-unlocks free for 30 days