Can any one help me to know what are the benefits of getting registered for MSME.
1 Replies
Taxolawgy
(Legal and Financial services)
(491 Points)
Replied 01 April 2020
Hello, there are many benefits for getting registered under MSME and some of them are:
1. Collateral Free loans from banks.
2. Reservation policies to manufacturing / production sector.
3. Very easy to get Licenses, approvals and registrations.
4. Special consideration on international trade fairs.
5. Waiver of Stamp Duty and Registration Fees.
6. Exemption under Direct Tax Laws.
7. Bar Code registration subsidy.
8. Waiver in Security Deposit in Government.
9. Concession in electricity bills.
10. Reimbursement of ISO Certification.
11. Preference in procuring Government Tenders.
12. 1% exemption on interest rate on OD.
13. 50% subsidy for patent registration.
14. Waiver in Security Deposit in Government.
15. 15% CLCSS subsidy.
16. Reduction in rate of Interest from banks.
17. Protection against delay in payment.
18. Subsidy on NSIC Performance and Credit ratings.
19. Counter Guarantee from Government of India through CGSTI
I hope this is helpful.
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