SSI registration in Coimbatore

SSI means Small Scale Industries. In the past five decades SSI has shown a tremendous
growth. Getting started with small scale industry is a good idea, because you cannot fight
with large scale industry at a stretch. With a small group of people, when you start, you will
have the advantages as well. SSI registration in Coimbatore gives some of the examples for
the SSI. They are school stationaries, toy shops, bag shops, Photo studios, Beauty parlours.
Only when e business is registered, it has reputation and good followers. So the registration is
provided through the Directories of Industries of State Government which is instructed by
Ministry of Micro, Small and Medium Enterprises. The manufacturing enterprise and service
enterprise are the most eligible forms of enterprise that can be registered.

Evolution of SSI in India

SSI registration in Coimbatore says that SSI was defined in the Development and Regulation
Act 1951. In the year 1955 to 1960, industrialization was given preference. The small scale
sectors received good reception and boosted in the year, 1960 to 1965. The small sectors
were agro based industries, cottage industries. About one third of the production was
contributed by small sectors. During the year, 1975- 1976, 5.50lakh of small scale industries
were there. There was an increase in the year 1990-1991 in the number 19.4 lakh small scale
industries. In the duration of 1999 – 2000 the number of small scale units was 97.15 lakh. At
present there is 1, 05, 21,190 SSI sectors are widening through the nation.

Features of SSI

SSI registration in Coimbatore says the salient features of SSI. The SSI has one-ownership.
Sometimes it can have the partnership also. But mostly you can enjoy the single ownership.
Day to day involvement of the owner is present in the SSI. For a shop that is involved in
taking photocopies let’s say a Xerox shop, the owner need not to depend upon the
technology. Simply they use calculator as a device. If the number of customers is large in
number, then they hire manpower to accomplish the job. No pre booking needed through
internet so labours are hired to do the job. SSI is more flexible. If you need any expansion in
the business then the SSI may be expanded in various forms. SSI registration in Coimbatore
says the role of SSI. SSI is responsible to the development of the nation. They can provide
more employment opportunities and the standard of the people will be increased. The export
of India relies upon the small scale industries. Nearly 40% of the production is accounted for
the GST in India. Hence it is a useful tool for the economic growth of India.

Process and Documents

SSI registration in Coimbatore advises that if you decide to get the registration certificate,
firstly you should have provisional SSI registration certificate. And this provisional SSI
registration certificate should be obtained in the pre-operative stage of SSI registration. This
certificate serves as a licence so that you can get the bank loans. Also this certificate is
needed to buy materials for construction and if applied for power you may be able to avail for
such facilities. This license is valid for five years. To obtain the provisional SSI registration
certificate following documents are needed. SSI registration in Coimbatore says that
proprietaries or the partners or the Directors have to produce three passport size photos. They
need photocopies of partnership deed, article of association and memorandum of association.
Proofs of legal possession should be given. Also it requires consent of the Pollution Control
Committee. All necessary clearance documents are needed and there should not be any
violation of the rules in the locality where the SSI is going to be situated. Then the business is
started and finally permanent SSI registration is done.

SSI registration in Coimbatore says what are the administrative required to set up SSI in
India. SIDO (Small Industries Development Organization) is responsible for the
implementation and monitoring of various programmes which are stated by the ministry.
Also Ministry of Agro and rural industries which is the nodal agency for the contribution and
development of Khadi industries is an administrative set up. The policies and programmes are
promoted through Handicrafts board, Coir board and KVIC (Khadi and Village Industries
Commission). SSI registration in Coimbatore says that last but not the least, Ministry of
Small Scale Industries play a major role by formulating programmes, schemes and design
policies. SIDBI Small Industrial Development Bank of India is the major financial institution
for promoting small scale industries. NCEUS National Commission of Enterprise in
Unorganised Sector was set up in encouraging global competitiveness of small scale
industries.

Recent updates

SSI registration in Coimbatore gives the recent update on SSI in India. Recently Kerala has
demanded for special package for all the small scale industries. Due to demands from the
entrepreneurs like need of moratorium loans and the sanction of new loans the CM of Kerala
needed special package. But out of two the new loans would be granted and that too lies in
the mercy of the banks. But due to Corona outbreak, the banks are not ready to release new
loans to the small scale industries. Also in Bengal since there are many recessions big
investments cannot happen. But the GDP growth of the industry is because of small scale
industries in the nation. SSI registration in Coimbatore says that if you want to be an owner
please go with the plan of small scale industry. Rather than being an employee in some other
firm is an owner; you can stand on your own legs. Hence Government is also very assistive in
providing your financial needs and helps in the growth.