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12 Months Moratorium/Waiver on Loan Repayment.Fully covered under Govt. guarantee. No guarantee fee will be charged. Scheme available till 31st Oct, 2020.
Govt. will provide equity funding/invest in shares of MSMEs with growth potential through Fund of Funds scheme.
Govt. will help to expand MSME size as well as capacity,will encourage MSMEs to get listed on main board of Stock Exchanges.
The Government of India gives special preference in buying from Micro and Small businesses through Govt.tenders.
Enterprises that have MSME Registration can avail benefit of 1% exemption on interest rate on over draft (OD).
Enterprises that have MSME Registration Certificate can avail Concession on electricity bill by making application to electricity department
Maximum period for payment for purchases from MSME shall not exceed 45 days, in case of delay, the buyer is liable to pay interest to the SME supplier, at 3 times of the bank rate.
Enterprises that have MSME Certificate can avail 50% subsidy for patent & trademark registration.
Enterprises undergoing a dispute with regard to payments may refer the dispute to the MSME Facilitation Council for conciliation & arbitration.
The Govt. of India has launched for registered MSMEs on to help them recover from the challenges of lockdown. This note on New MSME registration includes the below important details:
*Old classification had different criteria for Manufacturing & Services. Only had Investment as criteria. Micro- 25/10 Lac,Small 5/2 crore & Medium 10/5 crore for Manufacturing/Services sector respectively.
MSME meaning Micro Small and Medium Enterprisesas defined under MSME development Act 2006.
MSME registration is the procedure to get your firm registered under MSME development Act for SME benefits.
There is no difference between MSME, SSI & Udyog Aadhar. There are all one and the same.
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