Registration of Small Scale Industry

[abhishreshthaa]

Small Scale Industry Registration:-

Small scale and ancillary units should seek registration with the Director of Industries of the concerned State Government.

States have generally adopted the uniform registration procedures as per the guidelines. However, there may be some modifications done by States. It must be noted that small industries are basically a state subject.



Benefits of Registration:-

The registration of an SSI unit is not compulsory. The main purpose of registration is to avail the incentives provided under the registration of an SSI unit and also the support services provided under it, either by the state or the central government.


The regime of incentives offered by the central government generally contains the following:

 Credit prescription (priority sector lending), differential rates of interest etc.

 Excise exemption scheme.

 Exemption under Direct Tax Laws.

 Statutory support such as reservation and the interest on Delayed payments Act.


States/Union Territories have their own package of facilities and incentives for small scale industries. They relate to:

 Development of industrial estates.

 Tax subsidies.

 Power tariff subsidies.

 Capital investment subsidies and other support.

 

[jitendra05]

Small Scale Industry Registration:-

Small scale and ancillary units should seek registration with the Director of Industries of the concerned State Government.

States have generally adopted the uniform registration procedures as per the guidelines. However, there may be some modifications done by States. It must be noted that small industries are basically a state subject.



Benefits of Registration:-

The registration of an SSI unit is not compulsory. The main purpose of registration is to avail the incentives provided under the registration of an SSI unit and also the support services provided under it, either by the state or the central government.


The regime of incentives offered by the central government generally contains the following:

 Credit prescription (priority sector lending), differential rates of interest etc.

 Excise exemption scheme.

 Exemption under Direct Tax Laws.

 Statutory support such as reservation and the interest on Delayed payments Act.


States/Union Territories have their own package of facilities and incentives for small scale industries. They relate to:

 Development of industrial estates.

 Tax subsidies.

 Power tariff subsidies.

 Capital investment subsidies and other support.

Hey abhi, thanks for the information and i am sure it would help all those who are planning for opening a small scale industry or business. Well, i am also uploading a document which will explain the step by step of staring a SSI.