Benefits of factory license include: 1. Provisions for Employees: The Act outlines provisions related to female employees and young workforce, wage regulations, work hours, and working conditions, ensuring the welfare of the workforce. 2. Legal Benefits: Factory owners can avail for themselves various legal benefits provided to them by the government through different schemes. 3. Boosts Productivity: Strict adherence to the compliance and guidelines of the Factories Act, 1948 leads to improved employee welfare thereby enhancing productivity. 4. Regulation of Employment Matters: The Act regulates various aspects related to employment in factories like working hours, wages, leaves, holidays, employment of juveniles and women, hiring and termination of workers, and other terms and conditions related to individuals working in different establishments. 5. Ensuring Uniform Benefits: Compliance with the Factories Act helps guarantee that every employee receives equal benefits.