SSI Registration in Rajasthan: A Guide to Objectives and Procedure

SSI stands for Small Scale Industries. The industries with low capital, labour-intensive techniques, increase employment and economic growth are Small Scale Industries. These are the backbone of the economy and economic growth. They play an important role in generating employment, promoting exports and reducing poverty. SSIs contribute to 40% of Rajasthan’s GDP. The Rajasthan government is committed to promoting the growth of SSIs. The SSI Registration in Rajasthan is essential for any SSIs growth and success in Rajasthan.

Meaning of SSI

A country like India has various fields such as handicrafts, weaving, food products etc generally needs small capital. SSI is the choice for those who have limited capital and has the vision of setting up their own business. These industries require one-time investment in Plant, Machinery, and other equipment but do not exceed ₹ 1 crore and Turnover does not exceed ₹ 5 crore.

SSIs are generally classified into three types:

• Manufacturing Industries: The industries which produce finished goods for final consumption and for further production.
• Ancillary Industries: The industries which produce components for other industries.
• Service Industries: They provide services such as repair, maintenance or after-sales services.

Bakeries, School stationery, Readymade garments, Leather products, Plastic bags etc are some examples of SSI. Anyone can think to own and invest in Small Scale Industries with limited documentation and less capital. The Registration of SSI in Rajasthan is hassle-free and the Rajasthan government also support SSI to grow their business.

Objectives of SSI Registration in Rajasthan

The goal of SSI Registration in Rajasthan spins around nurturing the growth, competitiveness, and sustainability of Small-Scale Industries. SSI contributes to economic development, employment generation, and inclusive growth in the state, of Rajasthan.

• The registration provides assistance and recognition to the SSI to boost competitiveness.
• Helps in approaching Government benefits and incentives.
• Promotes entrepreneurship and generates employment opportunities.
• Registered SSI promotes regional development by establishing the SSI in rural and underdeveloped areas.
• SSI registration encourages to adoption of modern technology, and improves.
• SSI ensures timely guidance and including training programs.

Benefits of SSI Registration in Rajasthan

SSI registration in Rajasthan avails numerous benefits that provide, support, incentives and opportunities for the growth and success of SSI in Rajasthan. The following are the highlighted benefits of registered SSI in Rajasthan

• The registered SSI enjoys various financial assistance schemes offered by the government, reduces financial burden and helps in business.
• The registered SSI entails to access various tax benefits and contributes to tax savings.
• The registered SSI provides government preference for tender and contracts and enhances business growth.
• The Rajasthan government provides infrastructure support to registered SSI, helps in smooth business operations and improves productivity.
• Registration provides legal protection and recognition to SSI.

Eligibility Criteria for SSI Registration in Rajasthan

SSI registration can be obtained for manufacturing units if the investment in plant and machinery (excluding land & buildings) is within any of the following 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

SSI registration can be obtained for service rendering units if the investment in equipment (excluding land & buildings) is within any of the following levels:

• Micro Enterprises: Investment of up to Rs.10 lakhs in equipment
• Small Enterprises: Investment of up to Rs.2 crores in equipment
• Medium Enterprises: Investment of up to Rs.5 crores in equipment

Documents required for SSI Registration in Rajasthan

The Documents required for registration of SSI in Rajasthan:

• Aadhar card of the owner.
• PAN Card of the owner
• Address Proof
• Partnership Deed, MoA or AoA.

Registration Procedure for in Rajasthan

The registration procedure for SSI in Rajasthan is as follows:

• Fill out the online registration form on the website of the Rajasthan State MSME Board.
• Attach the required documents, such as PAN card, Aadhaar card, and proof of investment in plant and machinery.
• Pay the registration fee.
• Submit the application form and documents to the concerned district office of the Rajasthan State MSME Board.
• The district office will verify the application and issue the SSI registration certificate within 15 days.

Once the application is approved, the applicant will be allotted an SSI registration certificate.

Government efforts in promoting SSI registration in Rajasthan

• To provide benefits of subsidies, Loans from banks or other financial institutions with the least compliances requirement, the government has launched various schemes.
• The Rajasthan government has established an MSME development fund for financial assistance of SSI.
• The Rajasthan government also set up training programs to improve skills and knowledge and to create a competitive environment.
• The Rajasthan government also provided infrastructure support including buildings for SSIs and access to power and water.
• The government has also availed marketing support through assistance in product development and branding.

These efforts of the Rajasthan government helped in promoting the growth of SSIs in Rajasthan

Takeaway

The Ministry of Micro, Small and Medium Enterprises (MSME) provides registration through the Directorate of Industries of the State Government. The principal intention of SSI registration is to promote more SSI businesses in India. Registration helps the business to be eligible for several subsidies and government schemes. Financial assistance, tax benefits and government procurement contracts are some of the benefits avails for SSI in Rajasthan. If you are looking for SSI registration in Rajasthan then the expert of Legal Window will assist you in the registration process. To get in touch 072407-51000 or email admin@legalwindow.in for SSI Registration in Rajasthan.