Following are the main benefits of MSME Registration:

• Registration will help in to get government tenders.

Government are issuing tenders costing up to Rs 200 Cr only to MSMEs units.

• Registration will help in to get government subsidies on IPR/Loans

Business enterprises registered under the MSME Act can avail instant subsidy/discount of 50 per cent for patent/trademark registration. 

• Interest rate exemption

Businesses or enterprises registered as MSME under the MSME Act are eligible to avail a benefit of 1% on the overdraft as part of the Credit Guarantee Trust Fund Scheme. This can be as per the conditions of bank to bank.

• Easy availability of bank loans with or without collaterals

Under the new initiative of government for MSMEs, a unit can get loan even without collaterals. Small business owner can get benefits of the same by applying with banks/NBFCs.

• Low Interest rates on loan
• Protection against delay payments from debtors

Best MSME registration benefits, a buyer is expected to make a payment for the goods/services within 15 days of the purchase. If the buyer delays, the payment for more than 45 days, the enterprise is eligible to charge compound interest which is 3 times the rate notified by RBI.

• Eligible for self-employment training program conducted by Government