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What is MSME and what are the benefits of MSME?


Micro, Small and Medium Enterprises (MSME) sector is considered as the vibrant and the backbone of the Indian economy. MSME has contributed to the socio-economic development of the country over the last five decades. MSME plays a crucial role in providing employment opportunities and helps rural and backward areas for industrialization. 




Manufacturing Enterprises:- The enterprises engaged in the manufacturing or production of goods. In the Manufacturing sector micro, small and medium enterprises are determined by the investment in plant and machinery



  • Micro-enterprise - Investment in plant and machinery does not exceed Rs. 25 lakh


  • Small enterprise - Investment in plant and machinery is more than Rs. 25 lakh but does not exceed Rs. 5 crore


  • Medium enterprise - Investment in plant and machinery is more than Rs.5 crore but does not exceed Rs.10 crore


Service Enterprises:-The enterprises engaged in providing or rendering of services and are defined in terms of investment in equipment.


In the Service sector micro, small and medium enterprises are determined by the investment in plant and machinery



  • Micro enterprise - Investment in equipment does not exceed Rs. 10 lakh


  • Small enterprise - Investment in equipment is more than Rs.10 lakh but does not exceed Rs. 2 crore


  • Medium enterprise - Investment in equipment is more than Rs. 2 crores but does not exceed Rs. 5 crore.

 


Benefits of MSME Registration


 



  • Collateral Free Loans to MSMEs


  • Credit Linked Capital Subsidies for MSMEs


  • Eligible for Industrial Promotion subsidy


  • It provides a 50% subsidy on Patent registration


  • MSME certificate allows 1% exemption on the interest rate on overdraft


  • Reimbursement of ISO Certification charges


  • Manufacturing and Service MSMEs shall be considered as the same entities


  • Market assistance from the government and Export Promotion


  • Customers can recognize an enterprise easily if it is registered as an MSME


  • Technology and quality up-gradation support to MSMEs



 

09-16-2020 05:09:14
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