MSME stands for Micro, Small and Medium Enterprise. MSME or SSI enterprises are the foundation of any economy and are an engine of economic growth, advancing impartial improvement for all. MSME registration or SSI registration helps businesses avail multiple government subsidies and benefits.
MSME Registration Benefits:
* Easy Bank Loans – All the business which is registered under the MSME can avail the benefits regarding the bank loans. Banks provide the collateral free loans where your property is not pledged with the Banks.
* Participate in the International Trade Fairs – All the small business have to expand their business across India or on an international level which is required to exposure and support from the government. Govts provide benefits to participate and special consideration in the international and national trade fairs which is organized by the MSME Department.
* Benefits from Central Government – The central government, from time to time, announces schemes to benefit MSMEs, such as the credit guarantee scheme.
* Preference in the Government Tenders – MSME certified enterprise is preferred in the government tenders during the bid. so this is one of the most important advantages to win the big tenders.
Get Subsidy on the Patent Registration – There are a lot of the innovative small firms which are doing some innovative things & required a patent registration which is really expensive. Under this scheme you got the 50% waived off in the patent government registration fee.