In accordance with the establishment of Micro Small & Medium Enterprises Development (MSME SSID) Act 2006 the Micro Small and Medium Enterprises (MSME SSI) are broadly classified in 2 Classes 1. Manufacturing Enterprises -Enterprises involved in the manufacturing of goods related to any industry specified in the first schedule to the industries Act 1951. The Manufacturing Enterprises are defined in terms of investment in Plant & Machinery.Manufacturing SectorEnterprisesInvestment in plant & machineryMicro EnterprisesDoes not exceed 25 lakh rupeesSmall EnterprisesMore than 25 lakh rupees but does not exceed 5 crore rupeesMedium EnterprisesMore than 5 crore rupees but does not exceed 10 crore rupees 2. Service Enterprises -The enterprises involved in providing services and are defined in terms of investment in equipment.Services SectorEnterprisesInvestment in equipmentMicro EnterprisesDoes not exceed 10 lakh rupees Small EnterprisesMore than 10 lakh rupees but does not exceed 2 crore rupeesMedium EnterprisesMore than 2 crore rupees but does not exceed 5 crore rupees MSME SSI registration is required for micro small and medium-sized enterprises to avail various incentives subsidies etc. provided under the MSME SSID Act.Any business entity falling under above criteria can apply for MSME registration.Although getting MSME SSI online registration is not mandatory but it s always suggested to get registered under MSME SSI for various benefits provided by the government. Benefits of MSME registration Making it very easy to start a business in India Enterprises that have MSME Certificate can get 50% subsidy on Govt. Fees for patent & trademark registration. MSME SSI registered businesses avail multiple income tax subsidies rebates and benefits from the government. MSME SSI registered businesses can get easy bank loans up to 1 crore without mortgage collateral and with lower interest rates. Businesses registered under MSME are given top priority in terms of government licenses and certifications. Various government tenders are reserved for MSME to promote small business participation in India. Free Marketing assistance by Government Free Technical & Managerial Consultancy Services from Government Free Training and Manpower Development assistance for international Exhibitions Fairs by Government. Free Training Programmers on Packaging for Exports by Government National award for quality products to encourage small-scale industries to manufacture quality products meeting the requirements to national and international standards. Enterprises with MSME Registration Certificate can get Concession on electricity bill by making application to electricity department. Enterprises experiencing any dispute with regard to payments may refer the dispute to the MSME Council for conciliation & arbitration (Resolution). Our Physical Address Noida Office 57 Ground Floor Sector 63 Noida. Gurgaon OfficeC-320 Mianwali Colony Near Gurugram Bus Stand Gurugram 122001 Jammu Office69 Sector 1 Bhagwati nagar Jammu - 180002 Gujarat OfficeG-1 Niharika Apartment Ellora Park Nr Panchratna Apartment Vadodara 390023 Gujarat. Pune OfficeB-101 utsav society kirkatwadi pune Maharashtra 411024 Mumbai Office1st Floor C-102 Near Veer Dhaval CHS Babhai Naka Near Punjab & Sind Bank Behind Navkar Wood Mall L.T Road Borivali (West) Mumbai 400091 For more details visit on our site - s www.corpseed.com service msme-registration
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