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WHAT IS MSME/SSI REGISTRATION?
MSME stands for Micro, small and medium enterprise. MSME or SSI enterprises are the foundation of any economy and are an engine of economic growth, advancing impartial improvement for all. MSME are basically small-sized business in terms of investment. MSME registration online helps businesses avail multiple government subsidies and benefits MSMED act
Although getting MSME online registration is not mandatory but it is always suggested to small and medium enterprises to get it done as it provides a variety of benefits like rate of interest would be less, tax subsidies, capital investment subsidies, and much other support from government.
All manufacturing enterprises which have invested less than 10 crores in machinery and plant allowed to be registered as MSME
In service enterprises, the investment in plant and machinery should not be more than 5 crores
And in near future, if your enterprise exceeds the maximum limit then it will not sum up as MSME
Cheaper bank loan as compared to typical business loan interest
Easy access to credit through mudra loan
Business registered under MSME are given higher preference in terms of government license and certification
Cheaper infrastructure such as VAT and electricity exemptions
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 body.
ADHAAR CARD (With updated mobile number)
Address proof ( electricity bill,)
Number of Employees
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