What is SSI registration certificate?

What is SSI registration certificate?

SSI Registration or Small Scale Industry Registration is a registration from the Ministry of Micro, Small and Medium Enterprises. Once a business obtains SSI registration, the business becomes eligible for a number of schemes and subsidies promoted by the Government to boost small businesses in India.

What is the use of SSI certificate?

Registering your SSI Unit The main purpose of Registration is to maintain statistics and maintain a roll of such units for the purposes of providing incentives and support services. States have generally adopted the uniform registration procedures as per the guidelines.

Is MSME and SSI same?

Is MSME and SSI the same? There is no difference between MSME and SSI. Small Scale Industries (SSI) are those industries in which manufacturing of goods, production of goods and providing services are all done on a small scale or micro scale.

For what time period SSI registration certificate is valid?

five years
2. The provisional registration is valid for a period of five years from the date of issue. 3. The provisional registration will automatically lapse at the end of the validity period or the date of commencement of production, whichever is earlier.

How can I get SSI?

To apply for SSI, you can begin the process and complete a large part of your application on our website at www.ssa.gov/applyforbenefits. You can also call us toll-free at 1-800-772-1213 to set up an in- person or telephone appointment with a representative from your local Social Security office.

What are the documents required for SSI registration?

What are the documents required for SSI registration?

• Proof of business address.
• Purchase bill copies of raw materials, machinery and so on.
• Partnership deed/ AoA and MoA.
• NOC from the pollution control committee.

Why do people need SSI?

Small scale industries are important because it helps in increasing employment and economic development of India. It improves the growth of the country by increasing urban and rural growth. Let us learn more about the importance of Small scale industries and how SSI helps in developing the country.

Is SSI and Udyog Aadhaar same?

To encourage new and existing business, the government of India has launched many schemes to help small and medium scale businesses to sustain and grow. To avail all these beneficial schemes, you need to get your MSME registration done. MSME registration is also known as Udyog Aadhaar or SSI registration.

What is SSI exemption?

SSI whose turnover is less than Rs. One hundred fifty lakhs are exempted from registration. SSI whose turnover is more than the specified limit (at present Rs. 90 Lakhs), but less than exemption limit (i.e. Rs. 150 lakhs) have to file a declaration in a prescribed form.

Is Udyog aadhar and SSI Registration same?

MSME Udyog Aadhar The procedure for getting MSME enlistment has been improved by the presentation of the Udyog Aadhar for MSME in India. With the improvement of the MSME or SSI Registration method, the Government visualizes numerous more organizations being enlisted as an MSME or SSI.

What documents do I need to apply for SSI?

What are the documents required for SSI registration?

1. Proof of business address.
2. Purchase bill copies, of raw materials, machinery and so on.
3. Partnership deed/ AoA and MoA.
4. NOC from the pollution control committee.

How much is SSI?

Effective January 1, 2021 the Federal benefit rate is $794 for an individual and $1,191 for a couple. Some States supplement the Federal SSI benefit with additional payments. This makes the total SSI benefit levels higher in those States.

How to get SSI certificate for small business?

Procedure: 1 Provisional Small Scale Industry (SSI) Registration To obtain SSI registration you must apply for provisional SSI registration certificate. 2 Start the Business The next step towards having a permanent license is to start the business with SSI certificate. 3 Apply for Permanent SSI registration

What is the purpose of SSI registration in India?

To provide a certificate enabling the units to avail statutory benefits mainly in terms of protection. To serve the purpose of collection of statistics. To create nodal centres at the Centre, State and District levels to promote SSI. Features of the scheme are as follows: Registration is voluntary and not compulsory.

When to apply for provisional SSI registration certificate?

To obtain SSI registration you must apply for provisional SSI registration certificate. This certificate is given when the unit is in pre-operative stage and helps SSI unit obtain term loans and working capital.

How to register a small scale Industry ( SSI )?

Step 1: Provisional Small Scale Industry (SSI) Registration To obtain SSI registration you must apply for provisional SSI registration certificate. This certificate is given when the unit is in pre-operative stage and helps SSI unit obtain term loans and working capital. This license is given for five years.