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Small Scale Industries Registration

RegisterKaro holds a large pool of experts from all over the world specializing in Small Scale Industries Registration services. Our team of experts makes sure that your work is taken care of in the most effective manner possible.

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What are all Small Scale Industries?

In India, MSME Registration is synonymous with SSI registration, small business registration, or small scale industry registration. The Directorate of Industries of the State Government, on behalf of the Ministry of Micro, Small, and Medium Enterprises, facilitates SSI Registration. Maintaining data and a list of SSI companies in India is the primary goal of SSI registration, as it enables the provision of support services and incentives. According to the MSME standards, all State Governments have implemented uniform registration procedures. On the other hand, some states have changed how to apply for Small Scale Industries Registration. As a result, each State would have a different registration process.

Small Scale Industries

What are all Small Scale Industries?

Types of Small Scale Industries

Ancillary Industries: Ancillary industries produce parts for other producers. The finished item is then put together by these producers. Large corporations produce final things, but they don’t always produce every component in-house. These large companies’ vendors come from peripheral sectors.

Village Industries: When an SSI is founded in a rural region and does not belong to the organized sector, it is referred to as a village industry. Usually, the only labor used in these businesses is human labor.

Manufacturing Industries: The manufacturing sectors produce completed commodities that are either consumed or utilized for additional processing. Food processing facilities, power looms, engineering facilities, etc. are a few instances of these SSIs.

Service Industries: Industries that rely on services don’t produce any form of goods. They offer post-purchase services such as product maintenance, repair, and upkeep.

Types of Small Scale Industries

Check your eligibility for Small Scale Industries Registration

The requirements under which a business qualifies as a small business have been laid out by the Indian government. The MSMED Act, 2006 states that the Finance Ministry’s amended regime, effective July 2020, establishes the following limits for the small scale industries in

Check your eligibility for Small Scale Industries Registration

Manufacturing Industry :

  1. For Micro Level Industry, capital investment of less than Rs. 25 Lakh in plant and machinery equipment
  2. For Small Level Industry, capital investment of more than Rs. 25 Lakh but less than Rs 5 Crore in plant and machinery equipment.
  3. For Medium Level Industry, capital investment of more than Rs. 5 Crore but less than Rs 10 Crore in plant and machinery equipment.

Service Industry :

  1. For Micro Level Industry, capital investment of less than Rs. 10 Lakh in equipment
  2. For Small Level Industry, capital investment of more than Rs. 10 Lakh but less than Rs 2 Crore in equipment.
  3. For Medium Level Industry, capital investment of more than Rs. 2 Crore but less than Rs 5 Crore in equipment.

Checklist for the Small Scale Industries Registration

Following are certain prerequisites to be taken care of while proceeding for the Small Scale Industries Registration:

Ownership Structure: An entrepreneur who wants to start a self-storage institution (SSI) must first choose the SSI’s ownership structure. The SSI may be founded as a company, partnership, or single proprietorship.

Targeted Product: The next step for the entrepreneurs is to determine if the SSI will focus on manufacturing or providing services, what product or product range needs to be produced, and how much of each will be produced.

Location: The place where the unit is to be established needs to be chosen. It is necessary to determine the plot’s size, precise location, covered and open areas. The relevant documentation, including the lease agreement, utility bills, ownership paperwork, etc., must be prepared once the place has been decided upon.

Machinery & Equipment: It is necessary to choose the machinery and equipment needed for producing the selected goods or rendering services. The most recent technological gear and equipment needs to be purchased and installed in the SSI unit.

Checklist for the Small Scale Industries Registration

Documents you will need for Small Scale Industries Registration

A few documents must be presented as part of the registration process in order to confirm the applicant’s and the company’s legitimacy. These consist of, but are not restricted to:

Documents you will need for Small Scale Industries Registration
  1. PAN card
  2. Aadhaar card
  3. Any pertinent certificates (OBC, SC/ST, handicapped, etc.)
  4. Evidence of the applicant’s address [Lease agreement, utility bills]
  5. Business account number, and IFSC
  6. Copy of Purchase bills of resources like raw materials, machinery, and so on.
  7. Evidence of the type of business [e.g., Hindu Undivided Family, partnership, single proprietorship, etc.]

Benefits to avail under Small Scale Industries Registration

There are various types of benefits one can avail if the industry is registered under the Small Scale Industries, few of which are as follows:

Low Interest Rates: The companies with SSI registration are offered low interest rates loan for the operations of industry which helps them to advance the growth and operations. The interest rate attracts entrepreneurs to start their business using the Banks’ assistance with monetary requirements.

Easy Loan access: It is made sure by the government to add such rules to the model that the budding entrepreneurs can avail loans for the business easily, which eventually promotes the setting up of Small Scale Industries.

Government Tender: Industries with SSI registration are given preferences in the allotment of government issued tenders which is another advantage to enjoy for such Industries.

Tax Benefits: Government keeps on regulating the taxation slabs and regimes for the Small Scale Industries to promote the practices and establishment of more and more industries in the country, as the increase in business enhances the country’s economy.

Special Schemes: There are many special schemes available for the entrepreneurs running small scale industries especially the women entrepreneurs promoting gender equality in the domain.

Benefits to avail under Small Scale Industries Registration

How to proceed with Small Scale Industries Registration?

You may follow the step-by-step instructions for SSI Registration:

Step 1:

Click “For New Entrepreneurs who are not yet registered with MSME or EM-II” on the UDAY Registration Portal.

Step 2:

After entering your Aadhar number and Entrepreneur Name, click “Validate and Generate OTP.” An OTP will be sent to your mobile number.

Step 3:

Next, enter your PAN information and select “Validate PAN.”

Step 4:

Next, complete the fields pertaining to your industry and personal information, then click “Submit & Receive Final OTP.”

Step 5:

Subsequently, the MSME registration process will be concluded, and a successful registration notification accompanied by a reference number will manifest. The certificate is issued upon registration verification.

How RegisterKaro helps you in the Registration process?

RegisterKaro has been one stop solution for the SSI registration for the varied ranges of benefits such as:

Pool of Experts: RegisterKaro holds a large pool of Experts from all over the world specializing in SSI registration services. Our team of experts makes sure that your work is taken care of in the most effective manner possible.

Cost-effective: RegisterKaro SSI registration services are of premium quality at the most efficient rate, which suits the client’s pocket, making sure that quality service is not the only thing the client gains on our platform.

Client-oriented approach: Our team of experts is well trained and equipped with a client-oriented approach, keeping in mind that the process must be client-centric, focusing on meeting all the requirements of their business and, therefore, satisfying their needs.

Process Alteration: For the fact that we focus on a Client-centric approach, we keep our process structurization open for the client to alter it as per their need, requirements, and vision. For us, obtaining the best results is the focus, along with the Client satisfaction.

Trusted partner of 10000+ Clients: RegisterKaro has earned the trust of more than 10000+ clients who have availed our SSI registration services. Their trust in us from a term in continuity is proof of our services backed by quality and assurance.

How RegisterKaro helps you in the Registration process?

Why RegisterKaro?

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FAQs

Who is eligible for small scale industries?

According to the MSMED Act, 2006, updated in July 2020 by the Finance Ministry, small businesses in India are categorized based on their capital investment and turnover. If your industry falls into any of these categories, then you are eligible for SSI Registration. Categories include: Micro-level industries with less than Rs. 1 Crore in machinery investments should have turnover below Rs. 5 Crores. Small-level industries with less than Rs. 10 Crore in machinery investments should have turnover below Rs. 50 Crores. Medium-level industries with less than Rs. 50 Crore in machinery investments should have turnover below Rs. 250 Crores.

How can I register an SME in India?

Anyone wishing to start a micro, small, or medium-sized business can apply for Udyam Registration online using the Udyam Registration portal. This process is based solely on self-declaration and does not need the uploading of any paperwork, certifications, or other supporting documentation.

What are the benefits under SSI Registration?

There are many benefits of SSI Registration such as easy loan access, lower loan rates, government schemes, tax benefits, and government tenders, etc.

Are MSME and small scale industries the same?

Indeed. Previous industries that produced, manufactured, and offered services on a micro- or small-scale were registered as Small Scale Industries (SSI). The MSME (Micro, Small and Medium Enterprises) Act was subsequently passed by the government in 2006.

What is the validity of an SSI certificate?

Initially, a provisional registration certificate is issued and after commencement of production, a permanent registration certificate is issued. The provisional registration certificate is valid for a period of 5 years and permanent registration is given in perpetuity.

What is the limit of SSI in India?

A small business is one that has a sales of little more than Rs. 50 crore and invests no more than Rs. 10 crore in plant, machinery, and equipment.

What is an example of a small scale industry?

There are many forms of small scale industries such as bakeries, beauty parlors, small toy manufacturers, pickle manufacturing, local snacks manufacturers, etc.

What are the prerequisites for the Small Scale Industry?

The prerequisites for the SSI registration demands the right structure chosen for the business, along with the location, machinery & equipment, product selection, Power & water connection, etc.