The Govt. of India and SIDBI has launched a Credit Guarantee Scheme (CGSME) to make available collateral-free credit to SMEs.
The Government of India gives special preference in buying from Micro and Small businesses through Govt. tenders.
Enterprises that have MSME Registration can avail benefit of 1% exemption on interest rate on over draft (OD).
Enterprises that have MSME Registration Certificate can avail Concession on electricity bill by making application to electricity department.
Maximum period for payment for purchases from MSME shall not exceed 45 days, in case of delay, the buyer is liable to pay interest to the SME supplier, at 3 times of the bank rate.
MSME / SSI registered businesses enjoy multiple income taxes and capital gains tax subsidies from the government.
Enterprises that have MSME Certificate can avail 50% subsidy for patent & trademark registration.
Enterprises undergoing a dispute with regard to payments may refer the dispute to the MSME Facilitation Council for conciliation & arbitration.
I have received the company incorporation documents and extremely pleased to see the way documents are arranged. The service Startupwala provided exceeded all the expectations. It’s been a great experience to work with Startupwala to get this done. I would definitely give five stars to Startupwala's process and the way Startupwala dealt with the customer. I would promise to recommend my friends if something they would need that Startupwala serve. Thumbs up for the services and I would like to say WOW!!!! Thanks!!
Mr. Tapan Parida
Director, URNATI Builders Pvt. Ltd.