MSME registration and certificate with DIC registration

What are the benefits of MSME certificate?

MSME benefits, MSME benefits in tender, benefits to MSME units, benefits of MSME registration in tender, tax benefits for MSME, MSME registration process, MSME schemes.

Registration of an MSME is not legally mandatory but registering it will help you reap several benefits from the government including credit at low interest rate, incentives on products for exports, excise exemption, statutory aid such as reservations, and the interest on the payments delayed due to unavoidable

1. Collateral Free loans from banks:
The Credit Guarantee Fund Scheme for Micro and Small Enterprises (CGS) was launched by the GOI to make available collateral-free credit to the micro and small enterprise sector. Both the existing and the new enterprises are eligible to be covered under the scheme. The Ministry of Micro, Small and Medium Enterprises, Government of India and Small Industries Development Bank of India (SIDBI), established a Trust named Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) to implement the Credit Guarantee Fund Scheme for Micro and Small Enterprises.

2. A hefty 50% subsidy on  Patent registration
Enterprises that have MSME Registration Certificate can avail 50% subsidy for patent registration by making an application to respective ministry.

3. 1% exemption on the interest rate on overdraft
Enterprises that have MSME Registration can avail the benefit of 1% exemption on the interest rate on OD as mentioned in the scheme (this is bank-dependent).

4. Eligible for Industrial Promotion subsidy
Enterprises that have MSME Registration are eligible for Industrial Promotion Subsidy as may be prescribed by the government in this behalf.

5. Protection against delayed payments
The Ministry of Micro, Small and Medium Enterprises gives protection to MSME Registered Business against delay in payments from Buyers and right of interest on delayed payment through conciliation and arbitration and settlement of dispute be done in minimum time. If any micro or small enterprise that has MSME registration, supplies any goods or services, then the buyer is required to make a payment on or before the date agreed upon between the buyer and the micro or small enterprise. In case there is no payment date on the agreement, then the buyer is required to make payment within fifteen days of acceptance of goods or services. Further, in any case, a payment due to a micro or small enterprise cannot exceed forty-five days from the day of acceptance or the day of deemed acceptance. In case of failure by the buyer to make a payment on time, the buyer is required to pay compound interest with monthly interest rests to the supplier on that amount from the agreed date of payment or fifteen days of acceptance of goods or service. The penal interest chargeable for delayed payment to an MSME enterprise is three times of the bank rate notified by the Reserve Bank of India.

6. Concession in electricity bills:
Enterprises that have MSME Registration Certificate can avail Concession on electricity bill by making an application to the electricity department along with MSME Registration Certificate.

7. Reimbursement of ISO Certification charges

Enterprises that have MSME Registration Certificate can claim reimbursement of ISO Certification expenses by making an application to the respective authority.

RBI gives relief to MSME sector, provides for one-time restructuring of loans

MUMBAI: In a new year gift to the MSME sector, the Reserve Bank on Tuesday allowed a one-time restructuring of existing debt up to Rs 25 crore for the companies which have defaulted on payment but the loans given to them have continued to be classified as standard assets.
The decision will help the micro, small and medium enterprises (MSMEs) which are facing cash crunch in the wake of demonetisation and GST implementation.
The RBI's board in its crucial meeting held on November 19, 2018 had advised the central bank examine a scheme for restructuring of stressed standard assets of MSME borrowers with aggregate credit facilities of up to Rs 25 crore, subject to such conditions as are necessary for ensuring financial stability.
To facilitate meaningful restructuring of MSME accounts that have become stressed, the RBI has decided to permit a one-time restructuring of existing loans to MSMEs that are in default but 'standard' as on January 1, 2019, without an asset classification downgrade, the central bank said in a statement.
To be eligible for the scheme, the aggregate exposure, including non-fund based facilities of banks and NBFCs, to a borrower should not exceed Rs 25 crore as on January 1, 2019, and the restructuring has to be implemented by March 31, 2020.
Restructuring package for MSME was one of the sore points of the tussle between the RBI and the government.
There was a detailed presentation by Financial Services Secretary Rajiv Kumar on the cash crunch being faced by the MSME sector at the crucial November 19 board meeting.
The government had suggested several steps to help the sector which contributes 50 per cent to the manufacturing sector.
"A major step for MSMEs with a total liability up to 25 cr suffering from past issues and illiquidity, though delayed. Congratulations RBI for the restructure circular," Swadeshi ideologue and RBI board member S Gurumurthy tweeted.
Gurumurthy was pushing for a relief to the MSME sector which provides 12 crore employment, the second largest after the agriculture sector.
"MSMEs are vital for India's economic ascension. Several initiatives including customised products and strategies as per their needs and automated loan processing have been introduced to achieve faster turnaround and accelerate MSMEs' growth," Kumar had said last year.
As per the notification, "A provision of 5 per cent in addition to the provisions already held, shall be made in respect of accounts restructured under this scheme. Each bank/NBFC should formulate a policy for this scheme with board approval which shall, inter alia, include framework for viability assessment of the stressed accounts and regular monitoring of the restructured accounts."
The borrowing entity is GST-registered on the date of implementation of the restructuring. However, this condition will not apply to MSMEs that are exempt from GST-registration, it said. According to the notification, banks and NBFCs adopting this scheme will put in place a board approved policy on restructuring of MSME advances under these instructions within a month from the date of this circular. The policy will include framework for viability assessment of the stressed accounts and regular monitoring of the restructured accounts. "It is clarified that accounts classified as NPA can be restructured; however, the extant asset classification norms governing restructuring of NPAs will continue to apply," it said.

MSME registration and certification India

India- The financial outlay for MSME Ministry's upscaled 'Financial Support to MSMEs in ZED Certification Scheme' is Rs 116.94 cr

(MENAFN - KNN India) The financial outlay for MSME Ministry's upscaled 'Financial Support to MSMEs in ZED Certification Scheme' is Rs 116.94 cr
New Delhi, June 7 (KNN) The MSME Ministry has released guidelines for implementation of Upscale 'Financial Support to MSMEs in ZED Certification Scheme.
Zero Defect & Zero Effect (ZED) certification scheme envisages the creation of an ecosystem for competitive, quality and clean manufacturing, promote the development of world-class products, expand markets for MSMEs etc.
The Development Commissioner (MSME), Ministry of Micro, Small & Medium Enterprises, said it will implement up-scaled ‘Financial Support to MSMEs in ZED Certification Scheme' for the benefit of manufacturing MSMEs for a period ending 2019-20.
The estimated financial outlay for the scheme is Rs 116.94 crore with Government of India's contribution of Rs 100.00 crore and Private Contribution of Rs 16.94 crore.
The scheme was launched by Prime Minister Narendra Modi on October 18, 2016 for 22,222 MSMEs during 12th Five Year Plan with the total Project Cost of Rs 491.00 crore.
DC MSME in its guidelines document said, 'The Scheme is Up-scaled to enhance the registration by provisioning handholding support to MSME even after the Desktop Assessment to enhance their manufacturing competitiveness and to adopt the pilot project/technologies available or developed by Central/State Government bodies like CSIR, BARC, DRDO, etc. to move on the ZED journey.
Under the scheme, awareness and training programmes, workshops, Onsite Training for Enterprise Capacity Building for NER, J & K, Industrially backward and remote areas, raining of officials of implementing agencies will be held.
Under the scheme, assistance will also be given to MSMEs for Desktop Assessment & analysis, for Consultancy, Gap Analysis, Handholding & to move towards Zero Effect solutions by Consultants through NMIU/IAs, for pilot-project implementation with available/developed technologies by Central/State Government bodies to move towards zero effect manufacturing and for acquisition of cleaner/efficient technologies to support MSMEs etc.
The scheme will be implemented on MSMEs spread all over the country for all manufacturing sectors.
National Monitoring and Implementing Unit(s) (NMIU), under the overall directions of DC (MSME) and PMAC will be the implementing agency for the scheme. NMIU will be responsible for facilitating, implementing, coordinating and monitoring of the scheme. (KNN Bureau)

Online MSME registration Mumbai

All Manufacturers, suppliers, wholesaler, service provider, contractor, must be registered with MSME registration.

MSME registered firms will get benefits like Electricity duty exemption, payment delay support, exhibition expenses reimbursement, IT UNIT registration, etc.


Apply for MSME Registration

We provide services to get apply for MSME Registration for Manufacturer, contractors, supplier, distributors, exporter, Consultants, Trust, Organisation, Food Industry, Industrial registration.


Company registration with MSME department to avail benefits.

Register your proprietor, partnership, pvt ltd, llp, ltd company with MSME to avail benefits from governments for subsidized loans, exemption, payment delay support, etc.

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