Subsidy on to Registration Of Patent
This subsidy is given to the enterprises which are registered under MSME or has the certificate of registration granted by the MSME. Only these enterprises can avail the hefty subsidy of 50% for patent registration after giving respective application to the ministry respectively.
Exemption on Rate of Interest Of Overdraft
Registered businesses or enterprises under the MSME, avail the benefit of 1% on overdraft as per mentioned in the scheme which is different from bank to bank.
Eligibility of subsidy of Industrial Promotion
AS per the suggestion of government, businesses or enterprises which are registered under the MSME are eligible for the industrial promotion subsidy
Delay Payment Protection
When buyer delays to pay the payments, businesses or enterprises registered under the MSME can collect the interest on the payments.
MSME has given the right to the enterprises which are registered under the same to collect the interests on delay of payments. If buyer does not pay the payment within 45 days after accepting the goods and services, he has to pay compound interest monthly, which will be 3times of the original rate of the goods and services. This is notified by the RBI i.e. reserve bank of India.
Fewer Electricity Bills
Enterprises can avail the concession on the electricity bill by providing the certificate of registration granted by MSME to the electricity department.
Reimbursement of Charges of ISO Certificate
Enterprises which are registered under the MSME can claim the reimbursement on the expenses that are incurred and spent for ISO certificate.
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