MSME Registration

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Benifits of MSME

Updated on December 31, 2022 04:39:28 PM

Major Benefits of Having MSME Certificate or Udyog Aadhaar Certificate

- 100% Collateral Free loans from all banks
- Reduction in interest rates from Banks
- 1% exemption on interest rate on OD
- Special consideration on International Trade fairs
- Bar Code Registration Subsidy
- Waiver in Security Deposit in Government Tenders and Departments
- Concession in Electricity bills
- Reimbursement of ISO Certification
- NSIC Performance and Credit ratings
- 50% subsidy for patent registration

Benifits of MSME Certificate

By having the MSME certificate, any business can apply and get many benefits and subsidies from various government departments including Electricity and also it is very important in tender application process.

Benifits from Govt

The central government, from time to time, announces schemes to benefit MSMEs, such as the credit guarantee scheme:

Credit Guarantee Scheme (CGTMSE)

One of the major struggles that the small scale industries face is credit and input of income from various sources to support them.

The Credit Guarantee scheme, introduced to support MSME, comes with modifications to make it more beneficial for small traders: