MSME stands for Micro, Small, and Medium Enterprises where all classes of enterprises, whether Proprietorship, Partnership firm, Association of persons, Hindu undivided family, Company or Undertaking, Cooperative society by whatever name called can apply for the registration and get qualified for the benefits provided under the Act. On the other hand, A private limited company, registered partnership firm, or limited liability partnership in India meeting the other eligibility criteria can apply for Startup India Registration and get benefits under the program.