MSME (SSI) Registration In Chennai
Micro, Small & Medium Enterprises - The Engine of inclusive growth & development
The registration under Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 is for facilitating the promotion and development and enhancing the competitiveness of Micro, Small and Medium enterprises.
What are Micro, Small and Medium enterprises?
The following slabs have been prescribed under the MSMED Act to determine the status of the Enterprise:
No Type of Enterprise Manufacturing Industry(Investment in Plant and Machinery) Service Industry(Investment in Equipment’s)
1 Micro Does not exceed Rs. 25 Lac Does not exceed Rs. 10 Lac
2 Small Exceeds Rs. 25 Lac but does not exceed Rs. 5 Crore Exceeds Rs. 10 Lac but does not exceed Rs. 2 Crore
3 Medium Exceeds Rs. 5 Crore but does not exceed Rs. 10 Crore Exceeds Rs. 2 Crore but does not exceed Rs. 5 Crore
Provisional registration is granted to a unit at its pre- investment period to enable it to take necessary steps to apply for financial credit, land or an industrial set, water, power or telephone connections, etc.
Permanent / Final Registration:
A provisionally registered industrial unit when it is about to go into production is to apply for grant of Permanent / Final Registration. An existing and functioning industrial unit is eligible to apply for Permanent / Final Registration without going into provisional registration processes.