SSI

SSI and MSME Registration

SSI-MSME-Registration

Micro Small and Medium Enterprises are segregated in 3 different types, which are mentioned below:

  • Micro Enterprises – When a business sets 25 lacs rupees in a particular business in the manufacturing sector comes under Micro Enterprises. Under the Services sector when an industry sets 10 lakh rupees comes under the service sector of Micro Enterprises.

  • Small Enterprises – Small Industries are the one who has set more than 25 lakhs and below 5 crores comes under the manufacturing sector and when the industry invests more than 10 lakhs and less than 2 crores under Services sector comes under Small Enterprises.

  • Medium Enterprises – Medium Industries are the one who has set more than 5 crores and below 10 crores comes under the manufacturing sector and when the industry invests more than 2 crores and less than 5 crores under Services sector comes under Small Enterprises.

Benefits of MSME/ SSI Registration

  1. As soon as a Company gets registered under MSME or SSI, they get liable to utilize various schemes and benefits as per the government.

  1. It is possible to avail a 50% subsidy on Trademark or patent registration.

  1. MSME or SSI registration will help you to avail the Industrial Promotion Subsidy.

  1. By providing an application to the Electricity Department, the companies registered under MSME can get a concession on the electricity bill.

  1. They are liable to avail reimbursement of ISO certification expense.

  1. MSME or SSI registered company can get exemption on Overdraft facilities.