How much time does it take ?

  • The entity can be registered under MSME within 10 - 20 days from the date of filing the application, subject to Government processing time.

Documents required

  • Business Address Proof

  • Copies of Sale Bill and Purchase Bill

  • Partnership Deed/ MoA and AoA

  • Copy of Licenses and Bills of Machinery Purchased

Benefits

  • 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.