Are you planning to take a business loan for your company? Then here’s a simple truth. if your business is MSME verified, your chances of getting loan approval become much higher!
Let’s understand why banks and NBFCs trust MSME verified businesses, how they verify your certificate, and what benefits you can get once your MSME status is confirmed.
Banks and NBFCs use MSME verification to reduce the risk of fraud and avoid NPAs (Non-Performing Assets). A verified MSME shows that your business is real, registered, and active in government records making lenders more confident to offer credit.
When you apply for a business loan, here’s what happens behind the scenes:
This process ensures your business is genuine and financially stable.
Loan Provider | Loan Type | Interest Rate |
Banks | Secured Loans | Low |
NBFCs | Secured Loans | Low |
Pioneer-type lenders | Sometimes Verified | Average |
1. MSME Certified Business
2. MSME Verified Certificate
1. Government Recognition & Credibility
Your business gets official recognition improving trust among customers, lenders, and investors.
2. Easier Loans & Financial Support
Verified MSMEs get collateral-free loans, lower interest rates, and government subsidies easily.
3. Tax & Fee Relaxations
You can enjoy rebates on GST, patent, and trademark fees.
4. Priority in Government Tenders
Verified MSMEs get preference in tenders, projects, and contracts.
5. Online Safety & Transparency
Digital verification ensures your business is protected from fraud or duplicate registration.
The Government of India offers several schemes and perks:
State | Main MSME Benefits |
Maharashtra | Stamp duty & electricity relief, SGST refund. |
Gujarat | Capital & interest subsidy (up to 5%), electricity duty waiver. |
Rajasthan | Stamp duty rebate, SGST reimbursement, electricity duty exemption. |
Madhya Pradesh | Stamp duty rebate, power subsidy, interest support. |
Uttar Pradesh | GST reimbursement, full stamp duty exemption. |
Haryana | 3–6% interest subsidy, power tariff & property tax relief. |
Karnataka | SGST refund, electricity duty waiver, capital subsidy. |
Telangana | 100% stamp duty reimbursement, tax incentives. |
Tamil Nadu | Investment subsidy, SGST refund, power subsidy. |
Tamil Nadu | Investment subsidy, SGST refund, power subsidy. |
West Bengal | Interest subsidy, electricity duty relief. |
Odisha | Power subsidy, land conversion fee rebate. |
Punjab | Stamp duty rebate, SGST refund, interest & electricity subsidy. |
Having a verified MSME certificate is not just a formality. It’s your business identity and financial key.
It helps lenders trust your business, reduces the chance of loan rejection, and unlocks government schemes, subsidies, and growth opportunities.
If you are planning to apply for a loan, get your MSME certificate verified today and take your business toward a secure and trusted future.