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adds credibility to the status of the MSME - Motivation to adopt good governance practices - Tool for self correction & self improvement - Increases credit acceptability with Banks and Financial Institutions - Concession in interest rate on NSIC’s Raw Material Assistance BG Scheme - Creates confidence among buyers and suppliers by establishing credibility & goodwill. - Helps to deal with large companies - Helps in Marketing and serve as first point to generate interest among potential trading partners - Excise Exemption Schemes - Credit prescription (Priority Sector Lending), differential rate of interest, etc.
