Obtaining MSME registration for a Sole Proprietorship offers several benefits:
Access to Credit: Easier access to loans and credit facilities at lower interest rates.
Subsidies: Eligibility for government subsidies and incentives aimed at promoting small businesses.
Tax Benefits: Certain tax rebates and exemptions are available for MSMEs.
Protection: Protection against delayed payments and easier dispute resolution through government platforms.
Market Access: Enhanced opportunities for market access, including participation in government tenders and trade fairs.
https://www.registerkaro.in/sole-proprietorship-registration