The MSME is divided into an organizational setup as under
Possibilities With MSME
- Engine of growth
- It becomes easy to raise finances with fewer efforts and lesser interest rates
- 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
- 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
- Support in product development, designing and packaging
- Easy access to modern management practices and knowledge
- Entrepreneurship development & skill up-gradation by appropriate training facilities
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.
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