Benefits of MSME / SSI Registration There are multiple benefits of MSME / SSI registration for small businesses:
1. Cheaper bank loans : The rate of interest on loan offered to MSMEs is 1-1.5% lower compared to typical business loan interest.
2. Easy access to credit : PM Modi has introduced the Mudhra Loan scheme, which provides loans to MSME / SSI without collaterals.
3. Quicker approvals from state and central government bodies: Business registered under MSME are given higher preference in terms of government license and certification.
4. Tax rebates : MSME / SSI registered businesses enjoy multiple income taxes and capital gains tax subsidies from the government.
5. Cheaper infrastructure : Charges are lower for MSME registered company for facilities such as electricity and VAT exemptions. In fact, other business services such as patents are also cheaper for MSMEs.
6. Access to tenders : There are multiple government tenders which are open only to MSMEs to promote small business participation in the India.
Please note that you don’t really require any agent or middle man for getting your registration, it is online and simple to use. Try it out yourself
Udyog Aadhar ( MSME Registration)