MSME REGISTRATION IN DURG

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Benefits of MSME registrations - 

1. Easier Access to Loans: MSMEs can avail collateral-free loans from banks and financial institutions under government schemes like the Credit Guarantee Fund Scheme.

2. Subsidies on Patent Registration: MSMEs get up to a 50% subsidy on patent and trademark registrations, promoting innovation.

3. Interest Rate Subsidy on Overdrafts: MSMEs can avail up to 1% interest rate subsidy on overdraft facilities, helping manage cash flow.

4. Protection Against Delayed Payments: MSME Act ensures that buyers pay MSMEs within 45 days, reducing payment delays.

5. Lower Cost of Getting Government Tenders: Government tenders are more accessible with the exemption of certain eligibility criteria like EMD (Earnest Money Deposit).

6. Access to Government Schemes: Registered MSMEs can avail benefits under schemes like Udyog Aadhaar Memorandum, Credit Linked Capital Subsidy, and Technology Upgradation Scheme.

7. Market Access through Government Portals: Platforms like GeM (Government e-Marketplace) give MSMEs a platform to sell products directly to government departments.

8. Subsidy on Electricity Bills: Concessions on electricity bills to registered MSMEs, reducing operational costs.