Overview of SSI/MSME Registration

SSI or Small Scale Industry registration is a registration from the Ministry of Micro, Small, and Medium Enterprises. Once a business is registered as SSI, they become eligible to avail of certain government schemes and subsidies that come, that are exclusive for small businesses.

Documents required for MSME Registration

  • Business address proof
  • copies of sale bill and purchase bill
  • partnership deed
  • copy of licenses and bills of machinery purchased
  • NOC from pollution board to prove that no restrictions are violated

Frequently Asked Questions

Under the MSMED Act, subsidy on power, tax, and entry to state-run industrial estates. There is also an exemption of sales tax in most states and purchase preferences on goods produced. The Central and State government also provides significant benefits to MSMEs, in the initial years of business. Exemption in excise and certain direct taxes.

All major banks including financial institutions recognise MSMEs/SSIs, and have formulated certain special schemes and incentives for them. MSME’s/SSI’s have been designated for priority sector lending. This increases chances for you to be granted a loan. Major banks also provide loans to MSMEs at lower interest rates. You may also get preferential treatment if there is any future delay in repayment.

Contact us to discuss your project.