Small Scale Industries Certificate (SSI Certificate)
SSI Certificate apply for micro, small and medium enterprises and any enterprise that falls under any of these three categories. SSI enterprises are the backbone of any economy and are an engine of economic growth, promoting equitable development for all. Therefore, to support and promote SSIs, the Government of India through various subsidies, schemes and incentives promote MSMEs through the MSMED Act. To avail the benefits under the MSMED Act from Central or State Government and the Banking Sector, SSI Registration is required.
Micro, Small and Medium sized enterprises in both the manufacturing and service sector can obtain SSI Registration under the MSMED Act. Though the SSI registration is not statutory, it is beneficial for business at it provides a range of benefits such as eligibility for lower rates of interest, excise exemption scheme, tax subsidies, power tariff subsidies, capital investment subsidies and other support. Mibconline can help your business obtain MSME Registration to avail a host of benefits.
Micro, Small and Medium sized enterprises in both the manufacturing and service sector can obtain SSI Registration under the MSMED Act. Though the SSI registration is not statutory, it is beneficial for business at it provides a range of benefits such as eligibility for lower rates of interest, excise exemption scheme, tax subsidies, power tariff subsidies, capital investment subsidies and other support. Mibconline can help your business obtain MSME Registration to avail a host of benefits.
Eligible to register.
Manufacturer Industry / Service Enterprises. (Investment up to INR 200 Crores)
Benefits by you having SSI Certificate.
The registration scheme has no legal basis. Enterprises should generally get registered to get some benefits, incentives or support given either by the Central or State Govt. The governance of incentives offered by the Central normally contains the following:
- Credit prescription (Priority sector lending), differential rates of interest etc.
- Excise Exemption Scheme
- Exemption under Direct Tax Laws.
- Statutory support such as reservation and the Interest on Delayed Payments Act.
- To open Current Account at any one Bank.
- Address Proof.
Incentives and Subsidy
Micro, Small & Medium Manufacturing Enterprises set up in the State and commenced commercial production on or after 22.02.2008 are eligible to the following incentives/ concessions from your State Government .
1. Exclusive Subsidy Schemes for Micro Enterprises established anywhere in the State
- 15% Capital Subsidy on the value of Plant and Machinery.
- 20% Low Tension Power Tariff (LTPT) Subsidy for the first 3 years.
- 100% Subsidy on the assessed VAT for the first 6 years .
- Exemption from payment of stamp duty on mortgaged and pledged documents.
2. Subsidy Schemes for Micro, Small & Medium Enterprises set up in 251 backward Blocks, Government Industrial Estates and Agro Based Enterprises set up in all the 385 Blocks in the State
- 15% Capital Subsidy on the value of Plant and Machinery .
- 5% Additional Employment intensive subsidy for employing atleast 25 workers.
- 5% Additional Subsidy for Women/SC/ST/Physically Disabled/ Transgender entrepreneurs
- 25%Additional Subsidy on the value of plant and machinery installed to promote cleaner and environment friendly technologies
- 20% Low Tension Power Tariff (LTPT) Subsidy for the first for the first 3 years.
3. Special Capital Subsidy for Thrust Sector Enterprises set up anywhere in the State
15% Special Subsidy on the value of Plant and Machinery for 10 Thrust Sector Industries viz., Electrical and Electronic Industry, Leather and Leather goods, Auto parts and components, Drugs and Pharmaceuticals, Solar Energy Equipment, Gold and Diamond Jewellery for exports, Pollution Control equipments, Sports Goods and Accessories, Cost effective building material and Readymade Garments .
4. Other Subsidy Schemes
- 50% concession on stamp duty & registration charges payable to registration department for Enterprises set up in Industrial Estates / industrially backward areas.
- 3% Back ended Interest Subsidy for Technology upgradation/ Modernization
- 50 % subsidy on the cost of filing a Patent and for Trade Mark Registration
Read the Instruction Click Here |
Disclaimer: This is given as a matter of information only and does not confer any right to claim any of these incentives .Eligibility to the above incentives are subject to the Enterprises fulfilling the eligibility norms applicable to each incentive and also subject to physical inspection and confirmation of the existence, functioning and commencement of commercial production and verification of assets created at your enterprise by the officials of Department of Industries & Commerce