SSI/MSME Registration
As a small enterprise, you can have access to priority sector lending, tax exemptions & capital investment and power tariff subsidies.
- Overview
- Benefits
- Documents required
- Process
An SSI also called Small Scale Industry Registration is a registration from the Ministry of Micro, Small and Medium Enterprises. When a business registers as SSI it becomes eligible to avail government schemes and subsidies that are exclusive for small businesses.
- Free consultation
- Data verification: A thorough check of all the files submitted
- Vendor Connect: A dedicated affiliate who processes the SSI online application
- Receipt of License: The certificate will be issued within 15 days of application
MSME registration can be done by enterprises of sizes:
- Micro
- Small
- Medium
Under the MSMED Act, these small businesses get varying incentives such as:
- Priority sector lending
- Tax exemptionsd
- Capital investment
In the banking sector, if you need to avail the benefits of the MSMED Act of 2006, you will have to opt for MSME registration.
When you register your firm with Udyog Aadhaar , the business can leverage many schemes initiated by State and Central Government. In addition to this, for availing the MSMED Act 2006 benefits in the banking sector, MSME registration becomes mandatory.
- Refrain from asking for security deposits
- Concession in the electricity bills
- Increased chances of winning government tenders
- Reduction in fee for filing patents and trademark registration to get protection under the rights of intellectual properties.
- Easy and cheaper bank loans
- Reservation benefits
- Stamp duty and registration charges are waived off
- Reimbursement under the bar code registration
- Industrial promotion subsidy
- Reduction in the rate of the interest by major banks
- Business address proof
- Copies of sale bill and purchase bill.
- Partnership Deed/ MoA and AoA.
- Copy of licenses and bills of machinery purchased.
- For firms that are listed in Schedule -III of the Industrial Licensing Exemption Notification, no Industrial license is needed. Every other enterprise must obtain it for the PRC (Provisional Registration Certificate) application.
- For the registration and document process, all statutory and administrative clearances need to be obtained such an NoC from pollution board to prove that no restrictions are being violated.
Day 1 - Collection
- Discussion and consultation for the requirement
- Collecting the required documents
Day 2 - Preparation and submission
- Preparation and verification of Application
- Registering the application with ministry of MSME
- Certificate of registration under MSME