MSME registration or SSI application is needed to get loans, tax benefits, & tenders. Get MSME certificate online with LegalRaahi across India

1. MSME/SSI
REGISTRATION

2. MSME/SSI Registration
 The Micro, Small and Medium Enterprises (MSME)are
considered as a very significant piece of India’s legacy
economic model and a part of the critical supply chain for
products and services. This sector is the job creator as
well as play a crucial role in providing large-scale
employment and industrialization of rural and backward
areas.

3. Different Types of MSMEs
 There are 3 types of MSME or SSIs which can be
classified as under:

4. Micro Enterprises
 Micro-enterprises are the smallest entities, of course.
The investment under Micro manufacturing enterprises
should be less than Rs. 25 lakhs in plant and machinery,
whereas, the micro service enterprises should not
exceed Rs. 10 lakhs investment.

5. Small Enterprises
 In small manufacturing enterprises, the investment
should be in between Rs. 25 lakh and Rs. 5 crores in
plant and machinery, while in small service
enterprises this investment limits between Rs. 10 lakh
and Rs. 2 crores.

6. Medium Enterprises
 And if we’ll talk about the Medium manufacturing
enterprises, then the investment should be in between
Rs. 5 crore and Rs. 10 crores in plant and machinery,
and for small service enterprises it should be in between
Rs. 2 crore and Rs. 5 crores.

7. Benefits of MSME / SSI Registration
 Cheaper bank loans : The rate of interest on loan offered
to MSMEs is 1-1.5% lower compared to typical business
loan interest.
 Easy access to credit : PM Modi has introduced the
Mudhra Loan scheme, which provides loans to MSME /
SSI without collaterals.
 Tax rebates : MSME / SSI registered businesses enjoy
multiple income taxes and capital gains tax subsidies from
the government.
 Quicker approvals from state and central government
bodies: Business registered under MSME are given higher
preference in terms of government license and
certification.

8. For more information visit:
https://legalraahi.com/msme-registration/
Phone: +91 8750008585
 Email: contact@legalraahi.com