✔ Application preparation.
✔ Document submission to MSME register
✔ Obtain MSME certificate
MSMEs benefit from lower interest rates on loans (1-1.5% less than typical business loans) and easy credit access through schemes like the Mudhra Loan, which requires no collateral. They receive quicker approvals for government licenses, enjoy tax rebates, and benefit from reduced costs on infrastructure and services such as electricity, VAT, and patents. Additionally, exclusive government tenders promote small business participation, further aiding MSMEs.
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