Setting Up New Entity
The entity can be registered under MSME within 10 - 20 days from the date of filing the application, subject to Government processing time.
Business Address Proof
Copies of Sale Bill and Purchase Bill
Partnership Deed/ MoA and AoA
Copy of Licenses and Bills of Machinery Purchased
The interest rate is very low at around ~ 1 to 1.5%.
There are various tax rebates
Allowed credit for minimum alternate tax (MAT) to be carried forward for up to 15 years instead of 10 years
The cost of setting up the industry reduces as many rebates and concessions are available.
Higher preference for government license and certification.
There is a One Time Settlement Fee for non-paid amounts of MSME.