SSI / MSME Licence

SSI / MSME Licence

Every business registered in India is provided certain benefits by the government of India based on its classification in the type of entity it is i.e Small, Medium or Micro. When you register a Micro, Small and Medium Enterprise, you will get an MSME certificate (provisional or permanent).

This MSME certificate helps you enjoy various benefits like priority sector lending (you get loans easily), differential rates of interest (you pay lesser interest on loans), various exemption under tax laws, get environmental clearances, etc.

When you are about to start your Micro, Small and Medium Enterprise, you should apply for a Provisional Registration.

Once you are given the Provisional MSME Certificate and you start production you can apply for a Permanent Certificate, which opens up more benefits for you.

It may not be compulsory to register your Micro, Small and Medium Enterprise, but it is definitely what you’d want to do. It will provide you may government benefits and schemes eligibility.

The following slabs have been prescribed under the MSMED Act to determine the status of the Enterprise:

No Type of Enterprise Manufacturing Industry Service Industry
1 Micro Does not exceed Rs. 25 Lakh Does not exceed Rs. 10 Lakh
2 Small Exceeds Rs. 25 Lakh but does not exceed Rs. 5 Crore Exceeds Rs. 10 Lakh but does not exceed Rs. 2 Crore
3 Medium Exceeds Rs. 5 Crore but does not exceed Rs. 10 Crore Exceeds Rs. 2 Crore but does not exceed Rs. 5 Crore

Provisional Registration: Provisional registration is granted to a unit at its pre- investment period to enable it to take necessary steps to apply for financial credit, land or an industrial set, water, power or telephone connections, etc.

Permanent / Final Registration: A provisionally registered industrial unit when it is about to go into production is to apply for grant of Permanent / Final Registration. An existing and functioning industrial unit is eligible to apply for Permanent / Final Registration without going into provisional registration processes.

All classes of enterprises, whether Proprietorship, Hindu undivided family, Association of persons, Co-operative society, Partnership firm, Company or Undertaking, by whatever name called can apply for the registration and get qualified for the benefits provided under the Act. Printing of MSMED Registration/EM Number on the letter heads, invoices etc.

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