Due to MSME Registration India, bank loans become cheaper as the interest rate is very low, around 1-1.5%, much lower than interest on regular loans
It also allowed credit for minimum alternate tax (MAT) to be carried forward for up to 15 years instead of 10 years
Once registered the cost of getting a patent done, or the cost of setting up the industry reduces as many rebates and concessions are available
MSME registration helps to acquire government tenders easily as Udyam Registration Portal is integrated with Government e-Marketplace and various other State Government portals which give easy access to their marketplace and e-tenders
There is a One Time Settlement Fee for non-paid amounts of MSME
The MSME registration will help the MSMEs in availing the benefits of government schemes such as the Credit Guarantee Scheme, Credit Linked Capital Subsidy Scheme, Public Procurement Policy, Protection against delayed payments, etc.
MSMEs are eligible for priority sector lending from banks
MSMEs get the benefit of a government security deposit waiver that is helpful while participating in e-tenders
Any number of activities, including service or manufacturing or both, may be added or specified in one MSME registration
Barcode registration subsidy
Exemption scheme from direct taxes
ISO certification fees reimbursement
Electricity bills concession
Special consideration in International trade fairs