Do Doctors Fall under Micro Small and Medium Enterprises (MSME) classification
Can Doctors Apply to be Registered under MSME?
Dr Siva Wurity- Doctors and Dentists are classified as MSME . Dont know what will come from govt but no harm in applying for it. No filing or paper work log on to
Comments (5)
Dr Siva Wurity- Advantages of MSME Registration 1) Less Rates of Interest on professional Loans 2) collateral Free Loans 3) Less stamp duty on Registration of clinic/ Hospital assets including Mortgage charges 4) Reimbursement of ISO Registration Charges
18 May 2020 07:39 AMDr Pradeep Reddy- So which category should we register in?
18 May 2020 07:40 AMHospital comes under services and it has 3 categories D, E , F but the thing is that the loan carries an interest of 9.25 % to 14% , depending on the bank / NBFC And the other loop hole is that if you have a running loan with collateral then that collateral is also attached to this loan
19 May 2020 05:44 AMDr Gourav Mangla Response : 10 years back I started my practice after having collateral free loan under MSME. As I was new in the city with no person and land in the city as guarantor, all banks refused me even regular doctor loan. Than I get a clue regarding this scheme, I met directly to the GM of SBOP, he too was reluctant initially, than he agreed when I showed him the details on his bank's website. Believe me it's a very good scheme for young entrepreneurs, what I have achieved in life is from this venture only. I got Rs 40 L at that time and I purchased all possible retina equipments at that time. vasueyeandskinhospital.com
19 May 2020 05:44 AMConclusion- Hospitals can be registered under MSME if the total investment is less than 5 crores. Its beneficial to get registered under MSME to avail various benefits
19 May 2020 05:47 AM