#Benefits of MSME Registration
1. Get a collateral-free loan for your business with cheaper interest rates than the market rates.
As mentioned above that the Government encourages small businesses to grow and start businesses, the Government provides loans to the MSME registered company at cheaper interest rates and the interest rate of the loan is cheaper than the interest that is applied in the market. Hence it helps more the startup owners to grow and scale their business.
2. Get licenses in cheaper rates following easy procedures
If you are registered to MSME or Udyog Aadhar then it becomes easy for you to get the Government Licenses. And if any MSME registered company registers for the ISO certification, then the amount that had paid in the procedure can be reimbursed by the company by providing an application to the Government.
3. Tender only for MSME Registered Company
Many of the Government tenders are issued only for the MSME registered companies. Hence the MSME Registered companies and organizations get more business opportunities to scale and grow their business. Basically the Government helps to generate the business for the companies that had applied for the MSME registration.
4. 50% offer on the patents
If you want to file a patent for your technology then you can get a 50% offer on the patent registration without any promo codes. But you must register your company with MSME to get all these benefits.
5. Get protection against delayed payments
If a customer purchased products from you, then he should take the responsibility to pay within 15-45 days. Or if the amount is not paid within the restricted period by the customers, then the customer has to pay the money by applying compound interest on the original amount. The compound interest in this above-mentioned process is three times higher than the interest rates that are applied in the banks.
6. Get Cheaper Electricity bills
You can also get some concessions on your electricity bills if you provide an application to the electricity department.
