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BENEFITS OF MSME REGISTRATION
Easy Bank Loan up to 1 Crore without collateral / mortgage
The Govt. of India and SIDBI has launched a Credit Guarantee Scheme (CGSME) to make available collateral-free credit to SMEs.
Preference in procuring Government tenders
The Government of India gives special preference in buying from Micro and Small businesses through Govt. tenders.
1% exemption on interest rate on Bank Over draft (OD)
Enterprises that have MSME Registration can avail benefit of 1% exemption on interest rate on over draft (OD).
Concession in Electricity bills
Enterprises that have MSME Registration Certificate can avail Concession on electricity bill by making application to electricity department.
Protection against the delay in payment from Buyers
Maximum period for payment for purchases from MSME shall not exceed 45 days, in case of delay, the buyer is liable to pay interest to the SME supplier, at 3 times of the bank rate.
MSME / SSI registered businesses enjoy multiple income taxes and capital gains tax subsidies from the government.
Special 50% discount on Govt. fees for Trademark & Patent
Enterprises that have MSME Certificate can avail 50% subsidy for patent & trademark registration.
Fast resolution of disputes
Enterprises undergoing a dispute with regard to payments may refer the dispute to the MSME Facilitation Council for conciliation & arbitration.