Small scale industries play an important role in the socio-economic development of India. To promote and encourage these small scale industries, the country’s government enacted the MSMED Act. The Act was created to maintain the list of all industries registered as MSME or SSI. These firms received record assistance in providing support and encouragement. Also, SSI helped in the employment of people on small capital investment.
To avail many benefits from the Government of India, SSI registration certificate is required. This is an optional registration, but companies that are registered are eligible for:
To make the process of registering small or medium scale enterprise even simpler, a new Act called Udyog Aadhaar was passed in 2015. The udyog aadhaar completely replaces MSMEs and is conducted entirely online. Under Udyog Aadhaar, only one page should be filled for registration only with Aadhaar card as a legal document.
Eligibility for MSME/SSI registration is dependent on the scale of business of the enterprise. Applicable for Udyog Aadhaar, proprietorship, Hindu Undivided Family (HUF), One-Person Company (OPC), Partnership Firm, Public Limited Company, Private Limited Company, Production Company, Co-operative Societies, Limited Liability Partnership (LLP) or any other . Cooperation of individuals or any other undertaking.
In a manufacturing enterprise Investment of less than Rs. 25 lakhs in plant and machinery and service enterprise has Must be less than 10 lakhs invested. These micro enterprises are the smallest entities.
For manufacturing enterprises, the investment should be within Rs. 25 lakhs and Rs. 5 crores in plant and machinery. For service enterprises, the limit is between Rs. 10 lakh and Rs. 2 crores rupees.
If it is a manufacturing enterprise, the investment in plant and machinery should be between Rs. 5 crores and Rs. 10 crores. If it is a service enterprise, the limit is from Rs. 2 crores to Rs. 5 crores rupees.
Application formatting Submit Draft, Pay.
Our CA will apply online.
Once approved, you will receive the MSME certificate at your registered email address.
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