What do you understand by the term MSME / SSI Registration?
State Government and Central Government jointly offer many schemes and financial assistance to businesses registered under MSMED Act. MSME stands for Micro, Small and Medium Enterprises. MSMEs acting as backbone of our economy as it offered more than 40% employment from various industries register under it. Valid registration is must to avail bunch of benefits offered by various state governments, central ministry and private banks. Previous process of registering your business under MSME category was very lengthy and consuming time of both government and applier. Thus government initiated new process for quick approval and titled it as Udyog Aadhar Registration.
Small Scale Industry (SSI) registration is similar to MSME registration and is authenticated by Ministry of Micro, Small and Medium Enterprises. SSI registration process varies with respect to each state but MSME registration process is same from east to west. Department of Industries, State Financial Corporation and National Small Industries Corporation offer assistance through their various programs to registered MSME businesses.
Contact us now and get your MSME Registration done within a few days.
What are the basic needs prior to MSME Registration?
Address Proof of Business
To apply for MSME / SSI registration, documents proving your business address are needed. Any of the document like rent agreement, property tax receipt, utility bill etc. is needed.
Sales or Purchase Invoices
Sale or purchase invoices are needed to identify nature of your business
License Copy and Other Bills
You business must hold a valid industrial license and also produce all the bills of machineries purchased to the Registrar on demand.Process of MSME Registration
- You start registration process by providing your basic business details
- We will assist you to prepare and apply to MSME Registrar
- Your MSME registration will be approved once verification is done.
Advantages of MSME Registration
Lowest Interest Rates for Loans
Registered MSMEs can apply for loan to nationalized or private banks which offer business loans to MSME at 1% - 2.5% interest rates.
Bunch of Benefits offered by Government
GDP growth is directly proportional to employment rate and as MSME is contributing more in terms of employment, many profitable schemes with less documents criteria are offered by state as well as central government.
No Waiting for Approval
For any kind of registrations, licenses and certifications applied by MSME, government processes them as a first priority. Thus MSME can avail benefit of quick approvals.
Tax Benefits
To enhance and increase number of MSME businesses, various income tax and capital tax benefits are offered to MSME businesses
Grow and Expand Easily
A valid MSME registration is main criteria for many tenders offered by government as well as private companies. Thus MSME sector has highest chances of growing and expanding their businesses.
Minimal Set-up Cost
To build infrastructure for any business, availability of basic facilities like water, electricity etc. at low cost is must. To boost MSME sector, government assist these businesses to set-up their infrastructure at a minimal cost.
Investment:
- 2000*
Professional fees
