MSME Registration Online / SSI Registration Online
The summarization MSME Registration or SSI Registration stand for the Micro, Small and Medium Enterprises & the Small Scale Industries respectively. MSME Registration Certificate or SSI Registration Certificate in India comprise a vast majority of the business, economy and industrial sector. They are sorted on the basis of different, categories, for example, type of business entity or size of the industry, choice of business stir etc.
The MSME Registration or SSI Registration Or Udyogaadhaar Registration are not mandatory but it helps enterprises to avail various GOV. subsidies and benefits like quick DEBT or Loan at low-interest rates, tax exemptions, incentives and other relief from the government etc. Therefore, it is profitable to have Udyog Aadhaar registration in India. Get MSME Registration online in Delhi with help of Filing Buzz. The following enterprises come under the range of MSMEs and SSI.
Micro Enterprises: The enterprises busy in manufacture or output of goods, where the investment in plant and machinery is less than INR 25 Lac and in the case of enterprise busy in providing or rendering services where the investment is less than INR 10 Lac.
Small Enterprises: The small enterprises busy in manufacture or output of goods, where the investment in plant and machinery is more than INR 25 Lac but less than INR 5 Crores and in the case of enterprise busy in providing or rendering services where the investment is more than INR 10 Lac but less than 2 Crores.
Medium Enterprises: The enterprises busy in manufacture or output of goods, where the investment in plant and machinery is more than INR 5 Crores but less than INR 10 Crores and in the case of enterprise busy in providing or rendering services where the investment is more than INR 5 Crores but less than 5 Crores.
MSME Registration / SSI Registration / UDYOG AADHAAR Registration Benefits and Advantages
To support Micro, Small & Medium Enterprises, Government of India has come up with various subsidies, plan and incentives to Flourish Micro Small and Medium industry in India. To profit or benefits under from Central Government or State Government and the Money Landing Sector, Banking department MSME Registration is required. With and MSME Certificate / SSI Certificate / Udhyog Aadhaar Certificate, It becomes eligible to reveal the benefits. Following are some of the wide benefit.
Less rate of interests
The rate of interest is 1% to 1.5% lower than the interest charged on general bank loans. Whereas such low rate of interest is not available to stuff business enterprises.
Collateral free loans
The Mudhra Loan Scheme started by the Prime Minister on India, Mr. Narendra Modi facilitates loans to MSME without any collateral.
Credit facility
The Ministry of Micro, Small and Medium Enterprises, Government of India and Small Industries progress Bank of India (SIPBI), established a Trust named Credit surety Fund Trust for Micro and Small Enterprises to implement the Credit surety Fund Scheme for Micro and Small Enterprises.
Easiness to get license, approvals, and registrations
It has built up very easy for enterprises that are having MSME Certificate to receive Licenses, approvals and registrations on any field for their business from the respective authorities wherein an MSME Certificate is given up most importance.
Waiver of stamp duty and registration fees
SSI Registration is immune from payment of Stamp Duty and Registration Fees.
Barcode registration subsidy
Avocation/Enterprises, that have MSME Registration in India can avail Bar Code Registration subsidy.
Special consideration in international trade affairs
Micro, Small and Medium enterprises are encouraged for participate and delegate with other countries to explore new areas of expansion for Small Scale Industries, participation by Indian MSME in an international fair, trade fairs, buyer and seller meets are encouraged by the GOV of India and Ministry of MSME.
The Ministry of Micro, Small and Medium Enterprises provide following benefits to enterprises that are registered while filing an application for Government Tenders
- The issue of government tender sets are free of cost
- Waiver of Security deposited up to the Economic Limit
Preference in procuring government tenders,
Enterprises with MSME Registration in India, have a preference in procuring gov tenders. The special remedy is given to SME with Registered Udyog Aadhaar Certificate, in the tender process.
Tax exemption
Udyog Aadhaar or MSME can enjoy Direct Tax Exemption in the initial year of business, as mentioned in the scheme by Government which varies in from business activities being carried out.
Protection against late payments
The Ministry of Micro, Small and Medium Enterprises gives protection to business with SSI Registration Certificate, against the delay in payments from Buyers and right of interest on late payment, with support for satisfaction, arbitration, and settlement of controversy in minimum time.
Discount, in electricity bill
SSI Online Registration can avail discount on electricity bill by making application to the electricity department along with SSI / MSME Registration Certificate
Other Subsidies
Includes reduction or compensation of fees for IPR services like Patent filing, Trademark Registration (Discount 50 % GOVERNMENT Fees if Partner, Private Limited, Trust, Limited Company) Subsidies etc.
