• C-210 P, 5th Floor, Adamo Tower, Phase 8B, Mohali, IN

    MSME Registration

      Free Consultation

      MSME Registration

      Benefits

      The Key Benefits of Having an MSME Certificate or Udyog Aadhaar Certificate
      • All banks provide 100% collateral-free loans.
      • Banks reducing the interest rates
      • 1% interest rate exemption on OD
      • Special consideration given to international trade fairs
      • Subsidy for Bar Code Registration
      • In government tenders and departments, security deposit waivers
      • Rebate in Electricity bills
      • ISO Certification Reimbursement
      • NSIC Ratings for Credit and Performance
      • 50% of the patent registration fee is reimbursed
      State Government Benefits
      The majority of states provide power, tax, and admission to state-run industrial estates subsidies to individuals who have registered under the MSMED Act. Specifically, most states have a sales tax exemption, and produced goods have purchasing preference.
      State Governments provide a number of supporting services:
      Enhanced Credit Facilities
      Services and Support for Industrial Extension
      Availability of developed areas for the construction of warehouses
      Availability of training resources
      Hire-purchase of equipment for MSME usage
      Support for Marketing, Both Locally and Globally (Exports)
      Support for the Establishment of Industries in Developing Areas
      Technical Advice, Financial Support, and Other Services that Enhance Technology in MSME
      Advantages of having an MSME certification
      Any company can apply for several perks and subsidies from different government departments, including electricity, by presenting the MSME certificate. It is also essential in the tender application procedure.
      Advantages of the central government

      Time to time, the central government releases schemes to help MSMEs. One of these programs are the credit guarantee scheme:

      Credit Guarantee Scheme (CGTMSE)

      The major challenge faced by small-scale industries is obtaining finance and obtaining income from many sources to sustain their operations.

      Changes have been made to the Credit Guarantee scheme, which was developed to help MSME, to increase its advantages for small traders:

      The scheme's major features are as follows:
      Increase the Optimal Eligibility Loan Amount from Rs. 25 lakhs to Rs. 50 lakhs.
      Minimizing the one-time guarantee from 1.5% to 0.75% for loans taken out by MSME in the northeastern region of India.
      Expanding the guarantee’s coverage level from 75% to 80% for:
      Women owned small and medium-sized businesses.
      Micro businesses, for loans amount up to 5 lakhs
      The amount of loans collected in the country’s northeast.
      Support for the Establishment of Industries in Developing Areas
      Technical Advice, Financial Support, and Other Services that Enhance Technology in MSME
      Advantages from the Banks
      Since MSMEs are recognized by all banks and other financial institutions, specific programs have been developed just for them. This typically involves reduced bank interest rates and priority sector lending, which indicates that there is a strong chance that your company will be approved for a loan. In the event that repayment is delayed, special treatment might also be granted.
      Tax Benefits
      You might benefit from an excise exemption plan and be exempt from some direct taxes in the early years of your business, depending on your business.