What is MSME SSI registration?

Benefits of MSME Registration

• Due to the MSME registration, the bank loans become cheaper as the interest rate is very low around 1 to 1.5%. Much lower than interest on regular loans.
• There are various tax rebates offered to MSME.
• It also allowed credit for minimum alternate tax (MAT) to be carried forward for up to 15 years instead of 10 years
• There are many government tenders which are only open to the MSME Industries.
• They get easy access to credit.
• Once registered the cost of getting a patent and trademark done, or the cost of setting up the industry reduces as many rebates and concessions are available.
• Business registered under MSME are given higher preference for government license and certification.
• There is a One Time Settlement Fee for non-paid amounts of MSME.