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SSI / MSME Registration in Madurai and Karur

Corpstore Business Solutions provides best services for SSI and MSME registration in major cities like Madurai and Karur. Highly qualified professionals are here to offer you 24/7 customer support. SSI registration or small scale industry registration are all same MSME registration in India. SSI is provided by the Ministry of Micro, small and medium enterprises by the Directorate of Industries of the State government. Once a business obtains SSI registration, then the business becomes eligible for a number of schemes and subsidies promoted by the Government to boost the growth of small businesses in India.

Each State Government has adopted the uniform registration procedures as per the MSME guidelines. However, the procedure for obtaining registration would vary from State to State. SSI registration are valid for five years and if the entrepreneur is unable to set up the unit in this period, a fresh application for provisional registration can be made at the end of five years period. It can be obtained in 1-2 working hours.

Who can Register MSME/ SSI?

For manufacturing industries:
Types Investment (in plant and machinery )
Micro Up to Rs. 25 lakhs
Small Up to Rs. 5 crores
Medium Up to Rs. 10 crores
For service industries:
Types Investment (in equipment excluding land and building)
Micro Up to Rs. 10 lakhs
Small Up to Rs. 2 Crores
Medium Up to Rs. 5 crores
New Udyog Aadhaar replaces SSI / MSME Registration

In order to make the process of registering a small or medium level enterprise more straightforward, a new act called the Udyog Aadhaar was introduced in 2015. Udyog Aadhaar completely replaces MSME and it is done completely through Online. Under the Udyog Aadhaar, only one page need to be filled for registration with Aadhaar Card acting as the sole documents for legal purposes.

Benefits of MSME / SSI Registration

  • It helps to get bank loans with lower interest compared to typical business loan interest.
  • MSME registration helps you to get loans through Mudra loan scheme.
  • Business that are registered under MSME are given higher preference in terms of government license and certification.
  • The MSME registered business enjoys multiple income taxes and capital gains tax subsidies for our government
  • Power tariff subsidies and other supports such as capital investment subsidies.
  • There are multiple government tenders started to MSMEs to promote small business participation in India.

Documents for SSI / MSME Registration

  • Business address proof
  • Company PAN
  • Copy of license and bills of those machinery purchased.
  • Individual address proof like Aadhaar card, Bank details etc.