Possibilities With MSME

21st Feb, 2017

Engine of growth
It becomes easy to raise finances with fewer efforts and lesser interest rates
Procurement of Government tenders
Very easy to get Licenses, approvals and registrations on any field for your business.
Upto 50% subsidy for patent registration.
Protection against delay in payments from buyers and a right to claim interest on delayed payment
Stamp duty and octroi benefits
Concession in commercial/ industrial electricity charges
Easy dispute resolution by way of arbitration and conciliation measures
Subsidy on charges payable on ISO certification if approval granted
SEZ’s are required to allocate 10% space for SSI’s as a mandate
Special consideration on international trade fairs or exhibitions. and much more
Availability of infrastructure and technology at a low price
Support in product development, designing and packaging
Easy access to modern management practices and knowledge
Entrepreneurship development & skill up-gradation by appropriate training facilities

Classifications	Investment ceiling for plant, Machinery or equipment.
	MANUFACTURING	SERVICE SECTOR
Micro	Up to 25 lakhs	Less than 10 lakhs
Small	Less than 25 lakhs, more than 5 crore	Less than 10 lakhs, more than 2 crore
Medium	Less than 5 crore, more than 10 Crore	Less than 2 crore, more than 5 crore

Who is responsible to act?

Primary responsibility of promotion and development of MSME is that of the state government, the government of India, in recognition of potential of these enterprises, has always taken proactive steps towards supplementing the efforts of the state government through different initiatives.

How did MSME gain importance?

The majorities of people in India live in rural areas and draw livelihood from agriculture and allied sectors. The Government of India is striving to improve the economic and social conditions of rural populations through creation of productive employment opportunities based on optimal use of local raw materials & skills thus in order to support the cause of basic livelihood of masses the inclination towards MSME is increasing with each passing day.

For easy execution of operations and an effective management the Government of India has Pursuant to MSME Act & Rules established

National board for MSME for reviewing the policies related to industrial development and
National Commission to work for the development of the unorganized and underdeveloped business enterprises
Processing government tender free of cost.
On ISO Certification.
Protection against delay in payment by buyer.
Right interest delayed payment by buyer.
Govt. Assistance in: Technology Upgradation, Raw Material, Infrastructure, Marketing.
SEZ Benefits.