Micro to Small Scale to Medium and Small-Scale industries are abundant in India. To run such a company is the desire of many and in fact, many businessmen operate such companies. The most important question for beginners in the business is how to register an MSME or SSI company. The MSME /SSI companies are the backbone of a country like India, which is not yet developed but striving to compete with the world’s companies.

Differentiation of the companies on the basis of investment

• 1. Micro companies are those involving an investment of less than Rs. 25 lakhs
• 2. Small scale industries have investment less than Rs 5 crores
• 3. Medium scale industries have the investment capital of anywhere between Rs 5 crore to 10 crores

The Process of MSME/SSI Registration

• 1. Verify your Aadhar and PAN card
• 2. Fill in personal details

The details to supply for MSME/SSI regsitration

● Social Category (General, OBC, SC/ST)
● Gender
● Name of Enterprise
● Address of the enterprise
● Date of Incorporation
● Bank Details

Benefits of MSME registration

• 1. Cheaper bank loans available
• 2. Concessions in protecting intellectual property rights
• 3. Access to government tenders
• 4. One-time settlement fees
• 5. Priority lending from banks
• 6. Electricity bills concession
• 7. ISO certification fee reimbursement