The main purpose of Registration is to preserve statistics and maintain a roll of such units for the purposes of providing incentives and support services. States have normally adopted the uniform registration procedures as per the guidelines. However, there may be some modifications done by states. It must be illustrious that small industries are basically a state subject. States use the same registration scheme for implementing their own policies. It is likely that some states may have a SIDO registration scheme and a state registration scheme. Small Scale and ancillary units (i.e. undertaking with investment in plant and machinery of less than Rs. 10 million) should look for registration with the Director of Industries of the concerned State Government.
Benefits of SSI Registration Online
The registration scheme has no constitutional basis. Units would normally get registered to avail some benefits, incentives or support given either by the Central or State Govt. The management of incentives offered by the Centre generally contains the following:
- Credit prescription (Priority sector lending), disparity rates of interest etc.
- Excise Exemption Scheme
- Exemption under Direct Tax Laws.
- Statutory support such as corollary and the Interest on Delayed Payments Act.
