MSME | SSI Registration | Planify Solutions

Services Included:

Govt. Registration fees
Application preparation
Documents submission to MSME registrar
Obtain MSME Certificate

Documents Required

AADHAR Copy of assessee
PAN copy of assessee
Proof of premises either Rent agreement or Electricity Bill
Present address Proof
Two photographs

Rs. 2,500/- onwards

Process Involved:

Documentation – Provide the documents to initiate the process
Application preparation - Once documents received, application will be prepared and sent to client for approval
Filing MSME Application - After receiving the required documents , we apply for MSME registration with requied documents
Obtain Certificate - Once Registrar approves the application, MSME Certificate will be obtained. All documents will be mailed to client to their respective email id

Frequently Asked Questions

What is MSME or SSI?

There are small and medium enterprises which fall under SSI/MSME category. MSME stands for Micro, Small and Medium enterprises. Being the backbone of an economy sector, MSME enterprises acts as an engine which helps in the growth of the economy and promoting equitable development. Therefore, to support and promote MSMEs, the Government of India through various subsidies, schemes and incentives promote MSMEs through the MSMED Act. To utilise all the benefits which are offered under MSME act, the enterprise should be registered as MSME with the concerned department.
SSThese benefits of MSME registration include priority sector lending, power tariff subsidies, capital investment subsidies and excise and direct tax exemptions. Following are the conditions which need to be fulfilled to qualify under MSME Act.

All the manufacturing enterprises which have invested less than 10 crores in machinery and plant are allowed to be registered as MSME
In service enterprises, the investment in plant and machinery should not be more than 5 crores
And in near future, if your enterprise exceeds the maximum limit, then it will not sum up as MSME

What are the different types of MSMEs?

There are 3 types of MSME or SSIs which can be classified as under:

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.
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.
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.

What are the 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: Indian Government has introduced the Mudhra Loan scheme, which provides loans to MSME / SSI without collaterals.Owners cannot raise capital by selling an interest in the business
Quicker approvals from state and central government bodies: Business registered under MSME are given higher preference in terms of government license and certification.
Tax rebates: MSME / SSI registered businesses enjoy multiple income taxes and capital gains tax subsidies from the government.
Cheaper infrastructure: Charges are lower for MSME registered company for facilities such as electricity and VAT exemptions. In fact, other business services such as patents are also cheaper for MSMEs.
Access to tenders: There are multiple government tenders which are open only to MSMEs to promote small business participation in the India.

MSME Registration