MSME stands for Micro, small & medium enterprises. MSME plays a very significant role in developing the economic growth in our country. It is not mandatory to go for MSME or udyog aadhaar registration. But a business can get multiple advantages once get the registration process done.
You can obtain MSME certification through the easy online udyog aadhaar registration process. The online registration process can let you free from getting involved with lots of paperwork. Also Read : Important Documents required for MSME Registration
Below are a few of the main benefits that you can get through MSME/Udyog registration :
Access to government tenders – Once your business gets MSME registration you’ll become then eligible to access any government tenders. This can be a great way to promote your business.
Easy bank loans with low-interest rate – After getting MSME registration your business will become eligible to get bank loans with low-interest rate (1-1.5%).
Multiple benefits from Government – MSME registered businesses can avail benefits like tax subsidies, capital investment subsidies etc.
Fast approval – MSME registered businesses get privileges in terms of getting any certifications or licenses from the Government.
Easy approval of loans – MSME registered businesses can easily get the approval of loans without providing any collaterals.
MAT Benefits – MSME registered businesses are permitted to credit for minimum alternate tax (MAT) to be carried forward for up to 15 years instead of 10 years.
FinacBooks is a reputed portal of highly skilled chartered accountants, highly proficient in offering quality accounting and financial services to business owners and individuals. Contact experts with your MSME / Udyog aadhaar registration requirements.