Small Scale Industries & Medium Scale Enterprises
Amit
(Querist) 06 July 2008
This query is : Resolved
What are the comparateively benefits to get registered in SSI/MSE,is it essential for any manufacturing industry to get registered in it.
1.What is the loan amount a bank can given on 10 Crore Rs.(for Pharma manufacturer)?
2. What is the rate of subsidy?
3. What is the rate of Excise exemption?
Guest
(Expert) 07 July 2008
REgistration unde MSME Act wntitles you to main benefit of payments due to you by public companies. They cannot hold your paymnet for more than 60(90)days. Therefore your business with such companies will be quicker and will generate good business.
It is compulsory according to me. But others may differ.
Bank depends your worth aand the project report you give.
It changes from state to state.
Turnover below 4 crores is exempt under excise.
