Benefits of MSME Registration
Easy Loan Approval
Government has introduced various opportunities for MSME/SSI that allow them to avail loan without collateral. This is by far the best MSME registration benefits for small business owners.
Subsidy on Patent Registration
A strong 50 per cent subsidy for patent registration is granted to company undertakings registered under the MSME Act. This can be used by submitting a letter to the ministry concerned.
Concession on Electricity
The MSME Act allows corporations to make use of a concession on energy bills, as one of the best MSME registration bonuses. They merely have to apply the bills, along with a request and a copy of the certificate registered by MSME.
Overdraft Facility
Companies or organizations incorporated under the
MSME / SSI Act are allowed, under the Loan Guarantee
Trust Fund, to gain 1% of the overdraft. It will range from
bank to bank, though.