Small businesses usually include those that manufacture, manufacture, and render services using small machines and less manpower. These ventures must come under the guidelines laid down by the Government of India. Especially in developing countries like India, SSI is the lifeline of the economy. Hence SSI registration in Coimbatore is necessary. These industries are usually labor intensive, and therefore they play an important role in job creation
Micro Enterprise: The investment of upto Rs. 25 lakh in plant and machinery.
Small Enterprises: Investment of upto Rs.5 Crore in plant and machinery
Medium Enterprises: The investment upto Rs. 10 crore in plant and machinery
Step 1: Provisional Small Scale Industry (SSI) registration in Coimbatore Ramanathapuram
To get SSI registration you must apply for a temporary SSI registration certificate. This certificate issued when the unit is in pre-operative stage and helps the SSI unit to get term loan and working capital. This license is issued for five years.
One can apply for this certificate online through the state website or by applying to the concerned zonal department.
Step 2: Start a business
The next step towards getting a permanent license is to start a business with an SSI certificate. The owner should start production in the factory so that a permanent license can be issued.
Step 3: Apply for permanent SSI registration in Coimbatore Singanallur
After you start a business, you should apply for permanent SSI registration. This is possible through the state website or by applying online through the zonal office fee of the department or the district office.
Requirements for applying PRC (Certificate of Permanent Registration)
If your unit listed in Schedule III of the Industrial License Exemption Notice, you can apply for a PRC without an industrial license. Other units must first obtain an industrial license.
All approvals should be from the Pollution Control Board, Drug Control Board etc. by the unit.
The unit should not violate any local restrictions
The original value of the plant including the machinery should be within the prescribed limits for which you are applying in SSI registration in Coimbatore.
The unit should not be a subsidiary, should have on its own or controlled by other industrial enterprises.
Materials for construction of factory building: Materials required for construction of factory or building will be available to the factory by the government at subsidized rate.
Apply for a municipal corporation license and electricity connection. With temporary registration the company will be able to get all the approvals from the concerned authorities.
Tax Benefits: Depending on your business, you may be able to get an excise exemption plan in the early years of your business as well as some direct tax exemptions.
Availability of raw material as per existing policy: Raw material for production will be provided at subsidized rate in the early years.
Advantages of Banks: All banks and other financial institutions recognize MSMEs and have special plans for them. This usually includes lending in the priority sector, which means your business is more likely to have approval for a loan, and the bank’s interest rate is lower. Preferential treatment is also possible in case of delay in payment.
A small scale unit may violate the rules in the following ways which would make it liable for de-registration:
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