Medical Services of all kinds including Hospitals, Nursing Homes, Clinics are eligible for MSME registration & they can avail the benefits that are extended to MSMEs said CA Julfesh Shah while addressing a webinar on MSME for Medical & Dental Services organized by VSPM, Nagpur. He further said that as per Section 2(e) of the MSMED Act 2006 “enterprise” means an industrial undertaking or a business concern or any other establishment, by whatever name called, engaged in the manufacture or production of goods, in any manner, pertaining to any industry specified in the First Schedule to the Industries (Development and Regulation) Act, 1951 (55 of 1951) or engaged in providing or rendering of any service or services. Hence all type of medical services extended by the medical fraternity will qualify to be classified as MSME as per the new Definition w.e.f. 1st July 2020. Udyam registration can be done online by them for getting the MSME registration certificate.
By obtaining the Udyam registration the enterprises dealing in medical services including dental services & healthcare can avail the applicable benefits extended under MSME. For the practicing professionals who have already obtained the Bank Loan for setting up Hospitals & Purchase of machinery can avail under the STIMULUS Package announced by Government of India the existing Professionals who have taken the loan from the Bank will get additional loan of 20% with lower Interest Rate which varies from 7% to 8% for 48 Months.
Mr. Shah further said that if a newly passout Medical professional want to setup a new hospitals with purchase of Machinery with Maximum project cost upto 10.00 Lacs. Then under the CMEGP Scheme announced by Govt. Of Maharashatra he can get a collateral free loan as well as Back ended subsidy from the Govt. Which varies from 15% to 35% of project cost. Also there are other benefits like protection against delay in payments, Credit Facilitation through Bank, Subsidy on patent registration upto 50%, Technology up gradation support , Energy conservation support etc.
Mr. Julfesh Shah also advised about the various Industrial Opportunities that can be explored by the Medical Fraternity like Manufacturing of Medical Devices including Dental products & Equipments, Pharma Sector, Recycling of Bio-Medical Waste. 80% of the medical devices & equipments used in india are imported & most of them from USA & China & to become Atmanirbhar we need to produce Medical Equipments like CT, MRI, C-Arm, X-Ray, Ultrasound, Cancer diagnostic equipments like PET Scan, Dental equipments etc. which can prove to be a great opportunity for the medical fraternity, Mr. Shah added. Dr. Usha Radke, Dean of VSPM Dental College Nagpur delivered the key note address, Dr. Anoop Garg Senior Dentist Chaired the session & Dr. Ramkrishna Shenoi coordinated the webinar & proposed vote of thanks.