MSME/SSI Registration
Simplify your MSME/SSI registration process with our expert-led service, ensuring swift certification, full compliance, and access to exclusive government benefits tailored for small and growing businesses.
Factors to Consider in MSME/SSI Registration
Micro Enterprises
Micro-enterprises are the smallest entities, of course. The investment under Micro manufacturing enterprises should be less than Rs. 25 lakhs in plant and machinery, whereas, the Micro Service Enterprises should not exceed Rs. 10 lakhs investment..
Small Enterprises
In Small Manufacturing Enterprises, the investment should be in between Rs. 25 lakh and Rs. 5 crores in plant and machinery, while in Small Service Enterprises this investment limits between Rs. 10 lakh and Rs. 2 crores.
Medium Enterprises
And if we'll talk about the Medium manufacturing enterprises, then the investment should be in between Rs. 5 crore and Rs. 10 crores in plant and machinery, and for Small Service Enterprises it should be in between Rs. 2 crore and Rs. 5 crores.
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 registration or SSI registration helps businesses avail multiple government subsidies and benefits MSMED act.
Steps to Incorporate Nidhi Company Registration
Cheaper bank loans
The rate of interest on loan offered to MSMEs is 1-1.5% lower compared to typical business loan interest.
Easy access to credit
You need to provide 3 different options for your company name to MCA of which one will be selected. Names provided should ideally be unique and suggestive of company busines.
Quicker approvals from state and central government bodies
Business registered under MSME are given higher preference in terms of government license and certification.
Tax rebates:
MSME / SSI registered businesses enjoy multiple income taxes and capital gains tax subsidies from the government.
Cheaper infrastructure
Charges are lower for MSME registered company for facilities such as electricity and VAT exemptions. In fact, other business services such as patents are also cheaper for MSMEs
Access to tenders:
There are multiple government tenders which are open only to MSMEs to promote small business participation in the India.
