Benefits of MSME Registration
1. You could get a big boost from MSME registration. Of banks loans, the registration in MSME is around 1 to 1.5% lower than the normal loan interest rate. Hence the loan rate is considerably lower.
2. In MSME registration,different forms of transition and cuts were given to reduce patent costs and installation costs so that they can access credit easier.
3. They offer tax concessions of various types.
4. Regarding the sector under MSME, the government has higher priorities.
5. The minimum alternative tax credit was extended by 10 years to 15 years.
6. MSMEs are exclusively subject to various government tenders.
7. A one-time transaction charge shall apply for MSME registration.
8. Electricity bills are covered if MSME registration is done.