MSME Registration!

MSMEs are an important sector for the Indian economy and have contributed immensely to the country’s socio-economic development. It not only generates employment opportunities but also works hand-in-hand towards the development of the nation’s backward and rural areas. They promote the development of entrepreneurship as well as up-gradation of skills by launching specialized training centers for the same.
There are many benefits to registering your business as a MSME in India.

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Increased Profits and Opportunities
Registering your business as an MSME will give you increased profits and opportunities. You will be able to sell more products and services, and you will be able to expand your business into new markets.

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Better Access to Capital
Registering your business as an MSME will allow you to access capital that is unavailable to other businesses. Your business will be eligible for government grants and funding programs, and you will also be eligible for loans from private banks.

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Improved Regulatory Environment
The regulatory environment in India is favorable to businesses that are registered as MSMEs. This means that you will have less difficulty getting permits and licenses, and you will be able to avoid unnecessary taxes and fees.

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Increased Exportability of Products
Registered businesses can export their products worldwide without restriction. They will also be able to take advantage of Indian trade agreements with other countries.

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Greater Flexibility With Employees
Registered businesses can offer their employees more flexible working hours, better benefits, and greater job security. This can make it easier for you to recruit and retain qualified staff.

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Reduced Risk of Business Failure
Registered businesses can take advantage of business insurance like personal accident insurance and credit card protection plans, which protect your company from financial loss in case of an unexpected event like fire, flood, theft or a death in the family.

 

Protection Against Corporate Taxation 
To minimize corporate tax revenue loss, the government has put in place several restrictions on corporate taxation (e.g., exemption from corporate tax on new or startup companies).