MSME (Micro, Small, and Medium Enterprises) registration is a government initiative in many countries, including India, aimed at providing various benefits and support to small and medium-sized enterprises. Here's an overview of MSME registration in India:
Access to loans at lower interest rates through various government schemes such as the Credit Guarantee Fund Scheme.
Reimbursement of expenses incurred for obtaining ISO certification and reimbursement of the cost of patent registration.
Preference in government tenders and exemption under Direct Tax Laws.
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