SSI is small scale industries. There are number of small scale industries in India registering their entity to get subsidiaries from the government. If an entrepreneur want to start a business in Coimbatore he can make an application with MSME department.
MSME means medium small scale industries register a business through MSME have several privilegous like subsidiaries from bank financial institutions etc.. anyway SSI Registration is very important for all the business set up in Coimbatore. There is discrimination for the entities all the entries can apply for ssi certificate. SSI registration is common for all the business. Even private limited company can get SSI certificate, if it is a small company.
Getting SSI certificate is important for some kind of business like small scale industries, exporter and manufacturing unit they can get subsidiaries in bank loan. Hence the importance of SSI registration is enhanced now a days. Register a SSI certificate helps to organization’s to open a bank account. SSI certificate is a valid proof for any kind of government license, sales tax registration and service tax registration.
If a company just started their business and they don’t have sufficient turn over in a year to register a service tax can register SSI department to form his small scale company. Sidbi also provides financial assistance to SSI unit to run the company. Government of India promoting small scale industries hence they allocated a big amount to MSME to provide loan to new entrepreneurs. The entrepreneurs can get loan without any security also with minimum interest amount. All the nationalized bank have such kind of facility and amount to promote small scale industries.
