MSME-SSI

MSME SSI

For small and medium scale businesses, the government brings with MSME Registration to provide benefits and give incentives to promote Entrepreneurship. Though getting MSME registration is not compulsory, but it is always advised to small and medium scale businesses to get it done as it provides a variety of benefits. By taking MSME registration, the small and medium scale businesses can get loans easily, and at a cheaper rate of Interest, tax subsidies, capital investment subsidies, and much other support from the government sector. Such an MSME registration is also called as Udyog Aadhaar Registration.

Categorization of Enterprises

  • Micro Enterprises
  • Small Enterprises
  • Medium Enterprises

Categorization of Enterprises

Following types of enterprises engaged in manufacturing sector are allowed to be registered under MSME:

Micro Enterprises:-

Micro Enterprises

Investment in Plant and Machinery is less than Rs. 25 lacs

Micro Enterprises

Investment in Equipments is less than Rs. 10 lacs

Small Enterprises:-

Small Enterprises

Investment in Plant and Machinery is more than or equal to Rs. 25 lacs but less than Rs. 5 crores.

Small Enterprises

Investment in Equipments is more than or equal to Rs. 10 lacs but less than Rs. 2 crores.

Medium Enterprises

Medium Enterprises

Investment in Plant and Machinery is more than or equal to Rs. 5 crore but less than Rs. 10 crores.

Medium Enterprises

Investment in Equipments is more than or equal to Rs. 2 lacs but less than Rs. 5 crores.

Following types of enterprises engaged in Service sector are allowed to be registered under MSME:

In service enterprises, the investment in plant and machinery should not be more than 5 crores

Benefits of Registration

Rebates:

MSME / SSI registered businesses enjoy multiple income taxes and capital gains tax subsidies from the government.

Tenders:

There are multiple government tenders which are open only to MSMEs to promote small business participation in the India.

Bank Loans:

The rate of interest on loan offered to MSMEs is lower compared to typical business loan interest.

Cheaper infrastructure:

Charges are lower for MSME registered company for facilities such as electricity and VAT exemptions. In fact, other business services such as patents are also cheaper for MSMEs.

Easy access to credit:

Various governmental schemes have been introduced which provides loans to MSME / SSI without collaterals.

Faster approvals from government bodies

Business registered under MSME are given higher preference in terms of government license and certification.

Documents Required For MSME SSI

PAN Card


Aadhaar Card


Address Proof


Cancelled Cheque


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