MSME Benefits
MSME Benefits
MSMEs can avail discounts on interest rates on overdraft facilities from banks as well as under the Credit Guarantee Trust Fund Scheme.
MSME registration can be obtained by the following entities that fulfil the revised MSME classification criteria of annual turnover and investment: Individuals, startups, business owners and entrepreneurs. Private and public limited companies.MSMEs work to improve the lives of employees and artisans. They assist them by providing jobs, loans, and other services. MSMEs provide banks with credit limits or financing assistance. They encourage the growth of entrepreneurship as well as the upgrading of skills by establishing specialized training centres.
