MSME/SSI REGISTRATION

Definitions of Micro, Small & Medium Enterprises :-

Accordance with the provision of Micro, Small & Medium Enterprises Development (MSMED) Act, 2006 the Micro, Small and Medium Enterprises (MSME) are classified in two Classes:

1. Manufacturing Enterprises-The enterprises engaged in the manufacture or production of goods pertaining to any industry specified in the first schedule to the industries (Development and regulation) Act, 1951) or employing plant and machinery in the process of value addition to the final product having a distinct name or character or use. The Manufacturing Enterprise are defined in terms of investment in Plant & Machinery.

2. Service Enterprises:-The enterprises engaged in providing or rendering of services and are defined in terms of investment in equipment..

It is an optional registration .

To evolve the businesses as part of culture, Indian Government of India already has taken many steps, including giving many incentives and subsidies to encourage youth to opt for business as another career option which would be a better/stable career option compared to doing jobs for others. Several schemes, assistance and many benefits are being provided to entrepreneurs through different ministries, this is a pioneering effort to consolidate all the MSME related schemes under one umbrella, thus conceptualised.

To support and promote MSMEs, the Government of India provides subsidies, schemes and incentives to promote MSMEs through the MSMED Act. To avail the benefits under the MSMED Act from Central or State Government and the Banking Sector, MSME Registration is required.

Registration:- 

Starter :-  Rs. 1499/- Basic

Optimum:- Rs. 6,999/- (with Trade Mark)