Micro, Small and Medium Enterprises i.e. MSMEs in India are the torch bearers of the economic development and employment. The MSME sector majorly contributes to the industrial growth of India including the exports made by the nation. The Indian Government provides exemptions and relaxations from legal compliances to MSMEs in India, however to avail those exemptions and relaxations, MSME registration is mandatory. The Government has recently also floated several PLIs (Production Linked Incentives) for various industries in India, like, the white goods, electronic manufacturing etc.
In view of the aforesaid, it becomes imperative that a MSME is duly registered under the Law and inter alia is eligible for availing benefits like easy availability of collateral free loans or credit facility can be easily made available to the MSMEs, reduced IPR filing fees, claim various tax benefits and tax deductions as applicable depending on their classification, special government tenders, self-web development tool, centralized mail system, free mail boxes, payment gateway for membership subscription, popular products section and unlimited global trade leads amongst others.
Our corporate advisers have assisted several MSMEs in India in procedural compliances and made them about their rights and entitlements under the various Schemes.
Contact us now to get a quote for MSME registration cost, application and MSME registration procedure in India.