Small Scale Industries || (SSI)

Small Scale Industries ( SSI )

Small scale industries ar those industries within which the producing, production and rendering of services ar done on alittle or small scale. These industries create a one-time investment in machinery, plants, and industries, however it doesn't exceed Rs one large integer.

Introduction of SSI

Essentially the tiny scale industries square measure typically comprised of these industries that manufacture, turn out and render services with the assistance of little machines and fewer hands. These enterprises should be the rules, set by the govt of Republic of India.

The SSI’s square measure the lifeline of the economy, particularly in developing countries like Republic of India. These industries square measure typically labor-intensive, and thence they play a very important role within the creation of employment. SSI’s square measure a vital sector of the economy each from a monetary and social purpose of read, as they assist with the per capita financial gain and resource exercise within the economy.

Examples and concepts of little Scale Industries

• Bakeries
• School stationeries
• Water bottles
• Leather belt
• Small toys
• Paper Bags

• Photography
• Beauty parlours

Characteristics of SSI

• Ownership: SSI ’s typically area unit beneath single possession. thus it will either be a sole ownership or typically a partnership.

• Management: typically each the management and also the management is with the owner/owners. thus the owner is actively concerned within the day-after-day activities of the business.

• Labor Intensive: SSI’s dependence on technology is pretty restricted. thus they have an inclination to use labour and workforce for his or her production activities.

• Flexibility: SSI’s area unit additional labile to their ever-changing business setting. thus just in case of amendments or surprising developments, they're versatile enough to adapt and continue, not like massive industries.

• Limited Reach: little scale industries have a restricted zone of operations. Hence, they will meet their native and regional demand.

• Resources utilisation: They use native and promptly on the market resources that helps the economy totally employ natural resources with minimum wastage.

Role within the Indian economy

• Employment: SSI’s area unit a serious supply of employment for developing countries like Asian nation. as a result of the restricted technology and resource handiness, they have a tendency to use labour and work force for his or her production activities.

• Total Production: These enterprises account for nearly four-hundredth of the overall production of products and services in Asian nation. they're one in all the most reasons for the expansion and strengthening of the economy.

• Make in nation: SSI’s area unit the most effective examples for the build in India initiative. They concentrate on the mission to manufacture in Asian nation and sell the merchandise worldwide. This conjointly helps produce additional demands from everywhere the planet.

• Export : India’s export trade majorly depends on these little idustries for his or her growth and development. Nearly 1/2 the products that area unit exported from Asian nation area unit factory-made or created by these industries.

• Public : These industries have a chance to earn wealth and make employment. SSI’s are vital for the social growth and development of our country.

Objectives of SSI

The objectives of the tiny scale industries are:

• To create a lot of employment opportunities.
• To help develop the agricultural and fewer developed regions of the economy.
• To reduce regional imbalances.
• To ensure optimum use of undeveloped resources of the country.
• To improve the quality of living of individuals.
• To ensure equal distribution of financial gain and wealth.
• To solve the state downside.
• To attain self-direction.
• To adopt the newest technology geared toward manufacturing higher quality merchandise at lower prices.

Registration of SSI

SSI registration may be a registration provided by the Ministry of MSME. A business ought to get SSI registration so as to be eligible for variety of schemes, subsidies and alternative incentives provided by the govt. to such SSI’s. SSI registration is obtained on-line too. Let’s look into the method of SSI registration online:

Overview of SSI registration

SSI registration is provided by the Ministry of small, little and Medium Enterprises through the board of directors of Industries of the authorities. the most logic behind the SSI registration is to line up new SSI businesses in Republic of India. SSI registration helps the business to be eligible for variety of subsidies given by the govt.. we will conjointly get SSI registration on-line.

Eligibility Criteria for SSI registration

SSI registration is obtained for:

• Manufacturing enterprise; and
• Service enterprise

For producing enterprise, if the investment in plant and machinery (excluding land & buildings) is inside any of the subsequent levels:

Micro Enterprises: Investment of up to Rs.25 lakhs in plant and machinery

Small Enterprises: Investment of up to Rs.5 crores in plant and machinery

Medium Enterprises: Investment of up to Rs.10 crores in plant and machinery

For service enterprise, if the investment in plant and machinery (excluding land & buildings) is inside any of the subsequent levels:

Micro Enterprises: Investment of up to Rs.10 lakhs in instrumentation

Small Enterprises: Investment of up to Rs.2 crores in instrumentation

Medium Enterprises: Investment of up to Rs.5 crores in instrumentation

If the investment is completed inside the above-named limits then the SSI registration has got to be obtained.

Benefits of getting SSI registration

• There square measure varied tax rebates offered to SSI’s
• A credit for Minimum Alternate Tax (MAT) is allowed to be carried forward for up to fifteen years rather than ten years
• There square measure several government tenders that square measure solely receptive the SSI.
• They get quick access to credit.
• Once registered the value of effort a patent, or the value of putting in the business reduces as several rebates and concessions square measure obtainable.
• Business registered as SSI square measure given higher preference for presidency license and certification.

Business registered as SSI square measure given higher preference for presidency license and certification.

• To do the registration the SSI owner has got to fill one SSI on-line registration type. It is tired the offline mode also.
• If an individual desires to urge registration for quite one business then conjointly he/she will choose a personal SSI registration done.
• To get registered he/she has got to fill one type that is obtainable at the web site.
• The documents needed for the SSI registration square measure Aadhar variety, business name, address, checking account details and a few common data.
• Here, the person will offer self-certified certificates.
• No registration fees is needed for the registration.
• Once the SSI registration type is stuffed and uploaded, terribly shortly you'll get the SSI identification number.