BENEFITS OF MSME REGISTRATION
Here are the key benefits available to MSME-registered businesses:
MSME Loan Scheme & Collateral-Free Loans
Access 100% collateral-free loans with a 12-month repayment break (moratorium). These loans were under government guarantee until Oct 31st, 2020.
MSME Equity Funding & Fund of Funds
The government provides Rs. 50,000 crore equity funding for MSMEs through the Fund of Funds scheme for businesses with high growth potential.
MSME Stock Exchange Listing
The government encourages MSMEs to list on stock exchanges to help businesses grow and raise capital.
MSME in Government Tenders & Tender Preference
Micro and small businesses get preference in government tenders, giving them an advantage.
MSME Interest Rate Exemption & Overdraft Interest
Registered MSMEs enjoy a 1% interest rate exemption on bank overdrafts.
MSME Electricity Bill Concession
MSMEs can apply for an electricity bill subsidy and avail reduced rates.
MSME Payment Protection
Payments to MSMEs must be made within 45 days, with interest charged for any delays.
MSME Trademark Registration Subsidy & Patent Fee Discount
MSMEs can get a 50% subsidy on trademark registration fees and a 50% discount on patent registration fees.
MSME Dispute Resolution & Facilitation Council
MSMEs can resolve disputes quickly by referring them to the MSME Facilitation Council.
NEW DEFINITION OF MSME
The Govt. of India has launched for registered MSME's on to help them recover from the challenges of lockdown. This note on New MSME registration includes the below important details:
CLASSIFICATION: Manufacturing & Services
MICRO: Investment less than Rs. 1 Crore & Turnover less than Rs. 5 Crore
SMALL: Investment less than Rs. 10 Crore & Turnover less than Rs. 50 Crore
MEDIUM: Investment less than Rs. 50 Crore & Turnover less than Rs. 250 Crore
DOCUMENT REQUIRED FOR MSME REGISTRATION
Pvt. Ltd. / Public Ltd. / OPC
- 1 Company PAN card
- 2 MOA, AOA & Incorporation Certificate
- 3 Company Address Proof
LLP & Partnership Firm
- 1 Firm PAN card
- 2 LLP Agreement / Partnership Deed
- 3 Firm Address Proof
Proprietorship Firm
- 1 Proprietor's PAN card
- 2 Shop Act / Ghumasta License
- 3 Address Proof of Firm
FAQ ON MSME REGISTRATION
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