SSI/MSME registration
Get your SSI/MSME registration in 15 days
SSI/MSME registration
SSI/MSME
Registration under Micro, Small and Medium Enterprise Act (MSME)
“SSI” means Small Scale Industries this name has been changed to “MSME” meaning Micro, Small, and Medium Enterprises. Based on the investment range the business will be categorised as Micro, or Small or Medium Enterprise in both manufacturing and service sectors.
Enterprises are classified broadly into:
Enterprises engaged in the manufacture/production of goods pertaining to any industry
| Enterprises engaged in providing/rendering of services |
Investment in plant & Machinery/equipment (excluding land & building) | |
|---|---|---|
| Manufacturing Enterprises | Service Enterprises | |
| Micro Enterprises | up to Rs.25 lakh | up to Rs.10 lakh |
| Small Enterprises | above Rs.25 lakh & up to Rs.5 Crore | above Rs.10 lakh & up to Rs.2 Crore |
| Medium Enterprises | Above Rs.5 Crore & up to Rs.10 Crore | above Rs.2 Crore & up to Rs.5 Crore |
Benifits available for MSME:
- One percent rate exemption on Overdraft
- Collateral free loans from banks with two percent concession on interest rate
- Re-imbursement of ISO certificate expenses
- Preference in procuring Government Tenders
- Ease of availing various other business registrations
- 15% Credit Linked Capital Subsidy Scheme on fully automatic machinery
- Eligible for Industrial Promotional Subsidy
- Exempted in stamp duty payment
- Electricity duty exemption for 15 years
- 50% subsidy for patent registration
- Eligible for capital subsidy
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