SSI Registration Benefits
SSI Registration Benefits
Small Scale Industry (SSI) Registration or MSME Registration under the MSMED Act, makes the business eligible for a range of benefits and subsidies administered by the Ministry of Micro, Small, Medium Enterprises and other Ministries. For a complete list of benefits available for SSI or MSME registered units, please read the article on MSME Registration Benefits in India. In this article, we mainly look at the subsidy provided by the Government of India for the promoters of Micro, Small, and Medium Enterprises to participate in International Trade Fairs or Exhibitions, ISO, or HACCP Certification and bar-coding.
Subsidy for Participating in International Trade Fairs & Exhibitions
In order to help Micro, Small, and Medium Enterprises develop a market for their products and improve foreign trade, the Ministry of Micro, Small, Medium Enterprises provides a subsidy of up to 75% of airfare and 50% of space rental charges. For Women/SC/ST Entrepreneurs & Entrepreneurs from North Eastern Region, the MSME Directorate will reimburse 100% of space rent and economy class airfare. The total subsidy on airfare & space rental charges will be restricted to Rs.1.25 lakhs per unit.
Businesses that have an MSME / SSI Registration are eligible to avail of this subsidy once every year. The selection of small/ micro manufacturing units is made by MSME-DIs as per display product profile, the theme of the fair and space availability.
ISO 9000 / ISO 14001 / HACCP Certification Subsidy
To help SME’s become more organized and improve quality, the Ministry for Micro, Small, and Medium Enterprises provides an incentive to small scale businesses that have acquired ISO 9000/ISO 14001/HACCP certifications prior to March 31, 2014. The Scheme provides reimbursement of charges of acquiring ISO-9000/ISO-14001/HACCP certifications to the extent of 75% of the expenditure subject to a maximum of Rs. 75,000/- in each case.
Subsidy for Bar Code
Bar Coding can significantly improve the efficiency of a business by providing timely and accurate data about a product electronically across the supply chain, thereby reducing inventory cost and improving profitability. In order to enhance the marketing competitiveness of MSMEs in the domestic and international markets, the Ministry of MSME provides a subsidy for acquiring Bar Coding products. The subsidy provided is 75% of the one-time registration fee and 75% of the annual recurring fees for the first three years of cost of Bar Coding products.