SSI Registration or Small Scale Industry Registration is registration from the Ministry of Micro, Small and Medium Enterprises. When a business gets Small Scale Industry registration, the business gets qualification for various plans and endowments. It is thus elevated by the Government to support private ventures in India. In this article, we take a gander at the way toward acquiring SSI registration on the online or offline.
SSI Registration or Small Business Registration are no different either way as MSME Registration in India. SSI Registration has the grant by the MSME through the Directorate of Industries of the State Government. The principle reason for SSI registration is to keep up insights; and a move of Small Scale Industry organizations in India for the motivations.
Every one of the State Government has embraced the uniform registration methodology according to the MSME rules. Nonetheless, a few states have made changes to the methods for acquiring Small Scale Industry Registration. Hence, the technique for getting registration would shift from one State to another.
Eligibility Criteria
SSI registration can have acquirement by both assembling units and administration delivering ventures. Nonetheless, the registration qualification standards contrast for SSI units in assembling and SSI units in help delivering as follows:
SSI registration is available for assembling units if the interest in plant and hardware (barring land and structures) is inside any of the accompanying levels:
Micro Enterprises: Investment to the amount Rs.25 lakhs in plant and machinery
Small Enterprises: Investment to the amount Rs.5 crores in plant and machinery
Medium Enterprises: Investment to the amount Rs.10 crores in plant and machinery
SSI enlistment is available for administration delivering units if the interest in gear (barring land and structures) is inside any of the accompanying levels:
Micro Enterprises: Investment to the amount Rs.10 lakhs in equipment
Small Enterprises: Investment to the amount Rs.2 crores in equipment
Medium Enterprises: Investment to the amount Rs.5 crores in equipment
How to get Online SSI registration in India?
Provisional SSI registration
To acquire SSI registration the business should initially apply for Provisional SSI Registration Certificate (PRC). Provisional Registration Certificate is now available when the unit is in a pre-employable period and helps the SSI unit acquire term credits and working capital from monetary organizations/banks under need area loaning. As well as getting a bank advance, the provisional SSI registration declaration additionally assists the business with acquiring offices for convenience, land, different endorsements and so forth and get different essential NOCs and clearances from administrative bodies, for example, Pollution Control Board, Labor Regulations and so on.
Provisional SSI registration can have applied for by a business whenever and a mechanical permit isn’t necessary. When an application is now available for Provisional SSI registration, the provisional registration has its grant and no field enquiry has finished. Provisional SSI registration are legitimate for a very long time and if the business person can’t set up the unit in this period, a new application for provisional registration can be made towards completion of five years term.
Start the business
One may start the business with provisional SSI registration certificate.
Permanent SSI Registration
When the business starts creation or movement, the business can apply for and get permanent SSI enlistment. Getting perpetual SSI registration will assist the business with acquiring the accompanying advantages:
Income Tax exclusion and Sales Tax exception according to State Government Policy
Motivating forces and concessions in power levy according to State Government Policy
Price and purchase inclination for products delivered
Accessibility of raw material relying upon existing strategy
Permanent SSI registration will have given just if the accompanying conditions have fulfilled by the SSI unit. They are: I) the unit has got all essential clearances whether legal or managerial, ii) the unit doesn’t abuse any limitations in power, iii) worth of plant and apparatus are available inside recommended cut-off points and iv) the unit has no possession, control of some other modern endeavor according to notice.
Benefits of SSI
Small Scale Industries (SSI) Registration or MSME Registration under the MSMED Act, makes the business qualified for a scope of advantages and sponsorships controlled by the Ministry of Micro, Small, Medium Enterprises and different Ministries. For a total rundown of advantages accessible for SSI. The SSI registration in Coimbatore has the following benefits.
Subsidy for participating in International trade fares
To help Micro, Small, and Medium Enterprises foster a business opportunity for their items and improve unfamiliar exchange, the Ministry of Micro, Small, Medium Enterprises gives an appropriation of up to 75% of airfare and half of room rental charges. For Women/SC/ST Entrepreneurs and Entrepreneurs from North Eastern Region, the MSME Directorate will repay 100% of space lease and economy class airfare. The absolute endowment on airfare and space rental charges will have confined to Rs.1.25 lakhs per unit.
Organizations that have a MSME/SSI Registration are qualified to benefit of this appropriation once consistently. The choice of little/miniature assembling units are possible by MSME-DIs according to show item profile, the topic of the reasonable and space accessibility.
Subsidy for Barcodes
Bar Coding can essentially improve the proficiency of a business by giving convenient and exact information about an item electronically across the production network, in this way decreasing stock expense and improving benefit. To improve the promoting seriousness of MSMEs in the home-grown and worldwide business sectors, the Ministry of MSME gives an appropriation to gaining Bar Coding items. The endowment gave is 75% of the one-time enlistment expense and 75% of the yearly repeating charges for the initial three years of cost of Bar Coding items.
ISO certification subsidy
To assist SME’s with getting coordinated and improve quality, the Ministry for Micro, Small, and Medium Enterprises gives a motivator to limited scope organizations that have obtained ISO 9000/ISO 14001/HACCP confirmations preceding March 31, 2014. The Scheme gives repayment of charges of procuring ISO-9000/ISO-14001/HACCP accreditations to the degree of 75% of the use subject to a limit of required amount – for each situation.