Benefits Provided by Central Government for SSI Registration

  • Setindiabiz Team
  • July 28, 2023
Benefits Provided by Central Government for SSI Registration
SSI Registration in India abbreviated for small scale industry registration is an optional registration provided by the Ministry of Micro, Small and Medium Enterprises (MSME) through the State Government Directorate of Industries in order to promote small businesses in India.
Though optional, it is strongly recommended to small scale businesses to obtain SSI registration so that the business can enjoy a host of benefits in the form of schemes and subsidies, support, incentives provided by either State or Central Government.

List of Benefits Provided by Central Government for SSI Registration

  • Priority sector lending in Banks
  • Excise exemption scheme
  • Reduction in bank loan interest rate
  • Statutory support such as reservation
  • Exemption under direct tax laws
  • Interest on Delayed Payments Act

Aims and Objectives of SSI Registration

  • SSI Registration aims to maintain the roll of small scale industries.
  • It aims to offer statutory benefits in terms of protection to the industrial units by providing them a relevant certificate
  • Apart from creating nodal centres at the District, State and Centre levels to promote SSI, it also aims to collect accurate statistics.

Small Scale Industries

Provisional Registration

There are two specific stages under which a small scale industry can be registered namely Provisional Registration and Permanent Registration. As some significant steps are to be taken in order to apply for land, financial credit, power and water connections etc during the pre-investment period, Provisional registration helps the unit by enabling it to take required steps associated with this phase.

Permanent Registration

On the other side, permanent or final registration helps the provisionally registered industrial units at the time of production. Any functional industrial unit can apply for Permanent or Final Registration. Moreover, the industrial units do not have to undergo the provisional registration processes in order to apply for permanent registration.

Frequently Asked Questions on SSI Registration

Q1: Why SSI Registration is basically required?

SSI Registration is required in order to participate in government purchase programs and also to get financial support from various nationalized financial institutions and banks.

Q2: Which documents are required to be attached with SSI Registration Application Form?

Below mentioned are the documents to be attached with SSI Registration Application Form: 
  1.  Memorandum and Article of Association/ Partnership deed
  2.  Consent of Delhi Pollution Control Committee
  3.  A power load installed for proof
  4.  Copy of Purchase Bill of Raw Material
  5.  Copy of sale bill of end product
  6.  Copy of purchase bills of all the machines purchased
  7.  An affidavit as per prescribed with the application form

Leave a Reply

Your email address will not be published. Required fields are marked *

Talk To An Expert

*Your Information is safe with us | Privacy Policy

Exclusive Offer For CA, CS, CMA, Advocate & Tax Practitioners

Apply for Professional Tax Registration

The Professional Tax is mandatory for every company, LLP, GST-registered business, and other applicable professionals. Registration must be obtained within 30 days of incorporation or registration date. Comply now to Avoid Penalty.

Professional Tax Applicable States

Free consultation and calculator of dues, interest & penalty, if any.

Shops & Establishment Act Registration

(Mandatory to all commercial establishments in every state)
All new establishments must register with the office of the Labour Commissioner (Under the applicable state Shops & Establishment Act) within 30 days of their incorporation for companies or LLPs or the start of business for proprietorships or other businesses.
Free consultation and help to calculate dues, interest & penalty, if any.

Protect Your Trademark Now!

(We help you file trademarks in India and abroad)
Don’t let copycats steal your Trademark or Brand. Register your trademarks now in India to protect your brand, logo, slogan, etc. We have helped over 15K Brands secure their IP.

You Can Protect the Following

Free consultation and Trademark Search in Governemt Database