MSME / SSI Registration
Micro, Small and Medium Enterprises (MSMEs) form a vital part of India’s economic ecosystem and play a significant role in strengthening the country’s supply chain for a wide range of products and services.
The MSME sector is one of the largest contributors to employment generation and plays a key role in promoting entrepreneurship, industrial growth, and economic development, particularly in rural and underdeveloped regions.
According to the 73rd Round of the National Sample Survey (NSS) conducted during 2015–2016, India had approximately 633.8 lakh unincorporated non-agricultural enterprises engaged in various economic activities, providing employment to around 11.10 crore workers.
MSME online registration is not mandatory; however, it is highly recommended for small and medium-sized businesses. Obtaining MSME registration can provide access to several valuable benefits and government support schemes.
Registered enterprises may be eligible for benefits such as lower interest rates on business loans, tax incentives, capital investment subsidies, government schemes, and other financial and regulatory support.
Active More - Startups and SMEs business online complete their MSME / SSI Registration online quickly and conveniently. MSME registration services are available across Delhi NCR, Mumbai, Kolkata, Chennai, and other cities throughout India.
What is MSME or SSI?
What Are The Different Types of MSMEs?
There are 3 types of MSME or SSIs which can be classified as under:
Micro Enterprises
Micro-enterprises are the smallest entities, of course. The investment under Micro manufacturing enterprises should be less than Rs. 25 lakhs in plant and machinery, whereas, the micro service enterprises should not exceed Rs. 10 lakhs investment.
Small Enterprises
In small manufacturing enterprises, the investment should be in between Rs. 25 lakh and Rs. 5 crores in plant and machinery, while in small service enterprises this investment limits between Rs. 10 lakh and Rs. 2 crores.
Medium Enterprises
And if we’ll talk about the Medium manufacturing enterprises, then the investment should be in between Rs. 5 crore and Rs. 10 crores in plant and machinery, and for small service enterprises it should be in between Rs. 2 crore and Rs. 5 crores.
Benefits of MSME / SSI Registration
Frequently Asked Questions
Although, there is no compulsion to get MSME registration but is always advised to do so as it provides lots of benefits to the enterprises registered under MSME Act. It will save you from a lot of inconveniences later on. After assigning you the Provisional MSME Certificate and you can begin with your production and even apply for a Permanent Certificate which will add more advantages for you. Always apply for provisional registration at an initial stage of the business.
As said above, SSI/MSME registration is totally voluntary. Businessmen and entrepreneurs usually get this done to utilise the advantages offered under it. The registration process is quite easy and simple. You can easily avail it (provided you have a manufacturing plant or a commercial space where you render services), many businesses opt for it over other registrations.
It is advisable to get a Provisional SSI Registration Certificate (PRC) before starting your operation in your enterprise. The PRC will work smoothly for you and will help you out with particular NOCs and clearances from regulatory bodies.
If your business or enterprise is listed under Schedule –III of Industrial Licensing Exemption Notification, then you can easily apply for PRC without an industrial license. Other units must first acquire an industrial license. All the clearances should be obtained by enterprise whether it be statutory or administrative. For example, a drug license under the drug control order, if required. The PRC is issued based on the application form. No field enquiry is made.
The validation of a PRC is for 5 years and if the unit is still not under operational then you may still re-apply for it. As soon as you start with your operations, you can easily apply for the Permanent License.