MSME REGISTRATION

Micro, Small, and Medium Enterprises can apply for MSME registration in India. Proprietorships, Hindu Undivided Family, Partnership Firm, One Person Company, Limited Liability Partnership, Private Limited Company, Limited Company, Producer Company, any association of persons, co-operative societies or any other undertaking can obtain MSME registration.

• A discount of 50% will be available on Trademark Registrations.

• MSME Registration helps to open the current account easily.

• Concession on electricity bill can be enjoyed by making an application to the electricity department along with MSME Registration Certificate.

• An enterprise can avail protection if payment is delayed from the buyer’s side and also it can seek help under the arbitration and reconciliation.

• There are many government tenders that are only open to MSME Industries.

• MSME certificate allows 1% exemption on the interest rate on overdraft.

• The enterprises can easily get the approvals, licenses, as well as registrations once they acquire the MSME certificate.

• Customers can recognize an enterprise easily if it is registered as MSME.

• Enterprises that have MSME registration can enjoy Direct Tax Exemption in the initial year of business, as mention in the scheme by Government and depending on business activity.