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MSME Registration | SSI Registration

The Term MSME Stands for Micro, Small and  Medium Enterprises.A/c to Micro, small & Medium Enterprises Develpoment (MSMED) Act, 2006 the Micro , small, MSME  also called SSI  and Medium Enterprises (MSME) are divided  into two classes:

1. Manufacturing Sector -
a). For Micro Enterprises--Investment in plant & Machinery Does not exceed 20 lakhs rupees.
b)-For Small Enterprises--Investment in plant & Machinery is more than 20 lakhs but does not exceed 5 crore rupees.
c)-For Medium Enterprises-Investment in plant & Machinery is more than 5 cr but doest not exceed 10 Crore rupees.

2.Services Sector-
a)-Micro Enterprises--Investment in equipment  is not more than 10 lakhs.
b)-Small Enterprises--Investment in equipment is more than 10 lakhs but not exceed 2crores.
c)-Medium Enterprises--Investment in equipment is more than two crores but not exceed 5 crores.

MSME Registration Objectives:

Entrepreneurs are to be given information that would facilitate to take best advantage of the schemes. This would give them encouragement, enhancement and handholding resulting in improving productivity of the enterprises. Development of enterprises in terms of establishment, expansion, modernisation, acquisitions and mergers can take place.

Organisation structure in terms of proprietary, partnership, cooperatives, corporations, etc., can be planned. Issues like state development, infrastructure, fiscal issues, export prospects, etc., paves way for economic prospects.

Advantages of MSME Certificate:

1. It has made very easy for enterprises that are having MSME Certificate to obtain Licenses, approvals and registrations on any field for their business from the respective authorities as they can produce the Certificate of MSME Registration while making application.

2.Enterprises that have MSME Registration can enjoy Direct Tax Exemption in the initial year of business, as mention in the scheme by Government and depending on business activity.

3.There are multiple government tenders which are open only to MSMEs to promote small business participation in the India.

4. Easily  approvals from state and central government bodies,  Business registered under MSME are given higher preference in terms of government license and certification.

MSME meaning Micro Small and Medium Enterprises as defined under MSME development Act 2006.

There is no difference between MSME, SSI & Udyog Aadhar. There are all one and the same.

Any entrepreneur having valid Aadhaar Number can apply for MSME Registration Online.

The Government of India has enacted the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 in terms of which the definition of micro, small and medium enterprises is as under: Enterprises engaged in the manufacture or production, processing or preservation of goods as specified below: • A micro enterprise is an enterprise where investment in plant and machinery does not exceed Rs. 25 lakh; • A small enterprise is an enterprise where the investment in plant and machinery is more than Rs. 25 lakh but does not exceed Rs. 5 crore; • A medium enterprise is an enterprise where the investment in plant and machinery is more than Rs.5 crore but does not exceed Rs.10 crore.

At present Aadhaar Number is mandatory for issuance of MSME Certificate