Benefits of MSME registration- DhanTax

Benefits of MSME registration- DhanTax

1. Collateral Free loans from banks:

The Credit Guarantee Fund Scheme for Micro and Small Enterprises (CGS) was launched by the Government of India to make available collateral-free credit to the micro and small enterprise sector. 


2. A hefty 50% subsidy on Patent registration

MSME registered Enterprise can avail 50% subsidy for patent registration by making application to respective ministry.


3.  1% exemption on interest rate on overdraft

MSME registered Enterprise  can avail benefit of 1% exemption on interest rate on OD as mentioned in the scheme.


4. Eligible for Industrial Promotion subsidy

MSME registered Enterprise are eligible for Industrial Promotion Subsidy as may be prescribed by the government in this behalf.


5. Protection against delayed payments

The Ministry of Micro, Small and Medium Enterprises gives protection to MSME Registered Business against delay in payments from Buyers and right of interest on delayed payment through conciliation and arbitration and settlement of dispute be done in minimum time. 


6. Concession in electricity bills:

MSME registered Enterprise can avail Concession on electricity bill by making application to electricity department along with MSME Registration Certificate.


7. Reimbursement of ISO Certification charges

MSME registered Enterprise can claim reimbursement of ISO Certification expenses by making application to respective authority.

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