The Micro, Small and Medium Enterprises are considered as a very significant piece of India’s legacy economic model and a part of the critical supply chain for products and services. This sector is the job creator as well as play a crucial role in providing large-scale employment and industrialization of rural and backward areas.

Although getting MSME online registration is not mandatory but it is always suggested to small and medium enterprises to get it done it provides a variety of benefits. Benefits such as rate of interest charged would be very less, tax subsidies, capital investment subsidies and much other support from the government sector.

Benefits of MSME / SSI Registration:

1. The Rate of Interest on loan offered to MSME is lower compared to typical business loan interest.
2. The introduction of Mudhra Loan Scheme, provides loans to MSME / SSI without collaterals.
3. Business registered under MSME are given higher preference in terms of government license and certification.
4. MSME / SSI registered businesses enjoy multiple income taxes and capital gains tax subsidies and rebates from the government.
5. Electricity Charges and VAT Exemptions amongst other facilities provided to MSMSE registered companies are lower.
6. Multiple government tenders are open only to MSMEs to promote small business participation in India.

AUDITING BAZAAR , a full-fledged legal and secretarial entity, extends prompt and economical MSME registration services, in India.