MSME/SSI Registration
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MSME | SSI registration
MSME/SSI Registration
The Micro, Small and Medium Enterprises are considered as a very significant piece of India’s legacy economic model and a part of the critical supply chain for products and services. This sector is the job creator as well as play a crucial role in providing large-scale employment and industrialization of rural and backward areas. In 2015-2016, according to the National Sample Survey (NSS) 73rd round, there were around 633.8 lakh unincorporated non-agriculture enterprises in the country which are dealing in different economic activities providing employment to 11.10 crore workers.
Although getting MSME online registration is not mandatory but it is always suggested to small and medium enterprises to get it done it provides a variety of benefits. Benefits such as rate of interest charged would be very less, tax subsidies, capital investment subsidies and much other support from the government sector.
Legalraasta can help your business obtain MSME Registration online to avail a host of benefits. MSME online registration or SSI online registration can be done through LegalRaasta in Delhi NCR, Mumbai, Bengaluru, Chennai & all other Indian cities.
What Is Included In Our Package?
Application Preparation
Document submission to MSME registrar
Obtain MSME certificate
Procedure For MSME/SSI Registration
You just need to fill our simple msme regisstration form which would ask about your basic information. In case of ssi registration, a ssi
ssi registration form will be filled. This would be required while filing your application with the department.
According to the details provided to us, we will draft your documentation accordingly.
Going further, we will file your application along with the required documents to MSME registrar. Before submission, our expert will verify your documents properly.
Once the SSI/MSME application is approved and your MSME certificate/SSI certificate is issued, we shall send it to you via email and courier.
What is MSME or SSI?
In India, MSME introduced in the year 2006. Actually, there are still some service sector that was not yet included in this sector was included in the definition of the Micro, Small and Medium-sized Enterprises making a historic change to this Act. Hence, leveraging the scope of the sector even now the government simplified the MSME Registration online with the paperless work.
The benefits of MSME registration include priority sector lending, power tariff subsidies, capital investment subsidies and excise and direct tax exemptions. Following are the conditions which need to be fulfilled to qualify under MSME Act.
What Are The Different Types of MSMEs?
There are 3 types of MSME or SSIs which can be classified as under:
Micro Enterprises
Micro-enterprises are the smallest entities, of course. The investment under Micro manufacturing enterprises should be less than Rs. 25 lakhs in plant and machinery, whereas, the micro service enterprises should not exceed Rs. 10 lakhs investment.
Small Enterprises
In small manufacturing enterprises, the investment should be in between Rs. 25 lakh and Rs. 5 crores in plant and machinery, while in small service enterprises this investment limits between Rs. 10 lakh and Rs. 2 crores.
Medium Enterprises
And if we’ll talk about the Medium manufacturing enterprises, then the investment should be in between Rs. 5 crore and Rs. 10 crores in plant and machinery, and for small service enterprises it should be in between Rs. 2 crore and Rs. 5 crores.
Benefits of MSME / SSI Registration
There are multiple benefits of MSME / SSI registration for small businesses:
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