Benefits under MSMED Act 2006
A business entity registered under the Micro, Small and medium Enterprises Act, 2006 has a lot of benefits other than an entity like the following: 1. Marginally Cheaper bank loans 2. Preference policy for purchase 3. Upto 75% discounts on credit ratings from CRISIL. 4. Exhibitions reserved for MSME sector. 5. Protection by way of compulsory payments within a certain period of time and mandatory interest 6. Subsidy up to 75% on ISO registration Fees. 7. Support for participation in Global Trade fares 8. Issue of tender sets free of cost, 9. Exemption from payment of earnest money, 10. Waiver of Security Deposit to the monetary Limit for which the unit is registered. 11. Collateral Free Loans - Micro and Small Enterprises 12. Collateral Free Credit Guarantee Scheme up to 50 Lacs. On September 21, 2007 banks were advised, vide our circular RPCD.PLNFS.No 3068/06.02.31/2007-08, that they may extend collateral-free loans upto R...