Feed Buzzard
  • General
  • Tech
  • World Tech
  • World Tech Code
  • Wearable Tech
  • Pokemon
  • About Us
    • Terms & Conditions
    • Privacy Policy
  • Contact
No Result
View All Result
  • General
  • Tech
  • World Tech
  • World Tech Code
  • Wearable Tech
  • Pokemon
  • About Us
    • Terms & Conditions
    • Privacy Policy
  • Contact
No Result
View All Result
Feed Buzzard
No Result
View All Result
Home Latest

Small Scale Industries (SSI) – Characteristics, Objectives, Registration of SSI

Nanna Clausen by Nanna Clausen
May 31, 2022
in Latest
0
0
SHARES
9
VIEWS
Share on FacebookShare on Twitter

Small Scale Industries (SSI) are those in which manufacturing, production, and service delivery are done on a small or micro scale. These industries make a one-time investment in machinery, plant, and equipment that does not exceed Rs.10 crore and has an annual turnover of less than Rs.50 crore. These businesses must adhere to the guidelines established by the Government of India.

Characteristics of SSI

Ownership

SSIs are typically owned by a single entity. It can be a partnership or a sole trader.

Management

In general, the owner/owners are in charge of both management and control. As a result, the owner is actively involved in the day-to-day operations of the business.

Labor Intensive

SSI is not overly reliant on technology. They tend to rely on labour and manpower in their industrial activities.

Flexibility

SSIs are more adaptive to changes in their corporate environment. Hence, unlike huge industries, they are adaptable and resilient in the face of changes or unforeseen events.

Limited Reach

Small-scale industries have a limited operating area so that they can meet local and regional demand.

Resources Utilisation

They use locally available and readily available resources, allowing the economy to fully utilise natural resources with minimal waste.

Objectives of SSI

The objectives are:

● To increase the number of jobs available

● To help the economy’s rural and less developed regions

● Reduces regional imbalances

● Makes the best use of the country’s resources

● Improve people’s lives

● Ensure income and wealth equality

● Curbs down unemployment

● Obtaining self-reliance

● Adopting cutting-edge technologies to produce better products at cheaper costs

(facebook cover) (96)

Registration of SSI

The MSME facilitates SSI registration through the State Government’s Directorate of Industries. A company should register as an SSI to qualify for various government programmes, subsidies, and other benefits. It is also online. An SSI registration is required to start new SSIs in India. SSI registration entitles the firm to numerous government perks.

● SS Registration for SSI / MSME via the Internet which will be used just like in Udyam. See the online registration process for SSI / MSME:

● Navigate to the Udaym Registration portal and select “For New Entrepreneurs who are not yet Registered as MSME or those with EM-II.”

● Fill in your “Aadhaar Number” and “Entrepreneur Name” and then click the “Validate and Generate OTP” button.

● You will be sent an OTP to your mobile phone. The PAN verification screen will open when you enter OPT. Enter your PAN and click the “PAN Validate” button.

● The Udyam Registration page will be displayed. Fill in all of your personal and industry information, such as industry name, address, bank account information, and some general information, and then click the “Submit and Get Final OTP” button.

● The MSME registration is now complete and a reference number will display. After registration, the MSME Registration Certificate is issued.

An individual SSI registration allows a person to be registered in multiple industries. Aadhar and PAN numbers are required for SSI registration. There are no registration fees to pay.

(facebook cover) (97)

Conclusion

SSIs are the lifeblood of the economy, particularly in emerging countries such as India. SSIs are an important segment of the economy, both financially and socially, because they aid with per capita income and resource utilisation. Visit here to know more about Cin Number.

Total
0
Shares
Share 0
Tweet 0
Pin it 0
Share 0
Nanna Clausen

Nanna Clausen

Nanna Clausen is the founder of Feedbuzzard, a website devoted to all things technology-related. She's an enthusiast about technology and all things gaming, and her wit and humor have made her site a hit with gamers everywhere. When she's not working on her website, she enjoys spending time with her family and friends.

Related Posts

What Are The Warning Signs Of Colon Cancer
Latest

What Are The Warning Signs Of Colon Cancer

January 16, 2023
Understanding and Implementing HR Transformation
Latest

Understanding and Implementing HR Transformation

December 6, 2022
Latest

What is a Pulmonary Function Test?

December 4, 2022
Next Post

Reasons Your MacBook Computer Screen Is Black

What Do Assets Mean in Business

What Do Assets Mean in Business

Web Accessibility Tips for 2022 to Make Your Site More Inclusive - accessiBe

No Result
View All Result

Recommended

5 Useful Things You Can Do With cURL and Proxies

7 hours ago
Here’s Everything You Need to Know about Moles

Here’s Everything You Need to Know about Moles

3 days ago

Comic Play Casino Games

1 week ago

Here is a List of Some of the Most Interesting Slots You Can Play

1 week ago

Categories

  • Fitness Trackers
  • General
  • Latest
  • Pokemon
  • Tech
  • Technology and Computing
  • Wearable Tech
  • World Tech
  • World Tech Code

Recent Posts

  • 5 Useful Things You Can Do With cURL and Proxies January 27, 2023
  • Here’s Everything You Need to Know about Moles January 25, 2023
  • Comic Play Casino Games January 20, 2023
  • Here is a List of Some of the Most Interesting Slots You Can Play January 20, 2023

Categories

  • Fitness Trackers
  • General
  • Latest
  • Pokemon
  • Tech
  • Technology and Computing
  • Wearable Tech
  • World Tech
  • World Tech Code

© 2022 FeedBuzzard.com

No Result
View All Result
  • General
  • Tech
  • World Tech
  • World Tech Code
  • Wearable Tech
  • Pokemon
  • About Us
    • Terms & Conditions
    • Privacy Policy
  • Contact

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT