The Government of India gives special preference in buying from Micro and Small businesses through Govt.tenders.
Enterprises that have the MSME Registration Certificate can avail concession by providing an application to the department of the electricity along with the MSME Certificate
The Government of India has made collateral-free credit available to all small and micro business sectors. This initiative guarantees funds to micro and small sector enterprises.
Businesses or enterprises registered under MSME can avail a benefit of 1% on the Over Draft as mentioned in a scheme that differs from bank to bank.
Enterprises that have MSME Certificate can avail 50% subsidy for patent & trademark registration.
Enterprises undergoing a dispute with regard to payments may raise online complaint at MSME Samadhan Portal.
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.
Enterprises registered under MSME are also eligible for a subsidy for Industrial Promotion as suggested by the Government.
The registered MSME enterprises can claim the reimbursement of the expenses that were spent for the ISO certification.
Copy of passport size photograph of the Proprietor/ Partners /Directors
Details of investment in Plant & Mahcinery, Equipments etc. is required
Incorporation Certificate with GST Certificate is required.
A copy of PAN & Aadhar Card of Proprietor/ Partners/ Directors /Company is required
Last 6 months Company's/Firm's/Proprietor's bank statement is required
MoA & AoA / LLP Agreement or Partnership Deed as applicable is required