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.