What is importance of MSME ?
know the benefits of msme registration ?
Cheap bank loans at a significantly lower rate (1-1.5%) of interest when compared to that of the loans that are usually provided by the banks for businesses.
Easily Offered Credit without having to provide collaterals under the Mudra Loan Scheme introduced by the current government.
Fast Approval from the Governments, both state and central, since they really want to encourage these enterprises. This means they provide the licensing and certification done at a much higher pace than what’s usually expected of our government bodies.
Taxes Made Better- Subsidies are provided by the government on income as well as capital tax gains. Along with this the access to numerous tenders belonging to the government have been exclusively granted for the MSMEs in the hopes to promote them.
Benefits from Central Government are provided from time to time, in the form of scheme announcements for the benefit of the MSMEs, such as Credit Guarantee Scheme.
Reservation Policy is one of the important advantages provided by the Central Government in the form of a policy. To help avoid the stiff competition, the central government has given exclusive rights to manufacture certain products only to this sector.