Business Loans (Small Scale Industries) – CGTSI

ING offers loans to Small Scale Industries at competitive interest rates without any collateral security.

Credit Guarantee Fund Trust for Small Industries [CGTSI]

ING is one of the member lending banks for CGTSI. ING Ltd offers loans of up to Rs 25 lakhs to SSI units under CGTSI at competitive interest rates without any collateral security and / or third party guarantee. In addition the guarantee fee payable to CGTSI would be debited to the account.

Minimum Loan Amount: No Minimum Amount

Maximum Loan Amount: Rs 25 lakhs

Eligibility:

The SSI units engaged in activities like manufacturing, processing or SSSBEs, including Information Technology and / or Software industry are eligible.

Guarantee fee payable to CGTSI:
One time Guarantee fee of 2.5% of the credit facility sanctioned.
Annual Service fee of 1% of credit facility on the outstanding loan amount as on March 31 each year.
Collateral: No additional collateral is required

For more details, write to us at

ING Vysya Bank Limited

MSME Registration in Gujarat

We are providing Consultantcy Services for SSI units, Small Scale Industry, Micro Small Medium Enterprise for their process of registration in Govt.  to avail benefits from Government of India and Goverment of Gujarat.

Manufacturer and Exporter can get benefits from registering there self in SSI (Small Scale Industry) or MSME (Micro Small Medium Enterprise).

SSI Registration

Feel free to contact us on ekdantcons@gmail.com

SSI registration in Ahmedabad | SSI registration in Gujarat | MSME registration in Ahmedabad | MSME registration in Gujarat | Small Scale Industryssi registration

Interest Subsidy Agro Business

Interest Subsidy

Interest Subsidy, SSI Registration, Industry Registration

The entrepreneur is required to furnish information in the application form for availing assistance for agro industrial project, agri infrastructure project and center for excellence. He is required to prepare the detailed project report and get it appraised by the financial institution providing term loan for the proposed project. The interest subsidy shall be granted towards interest on term loan from nationalised banks and financial institutions recognised by Reserve Bank of India. In case the term loan is granted by a co-operative bank, the entrepreneur is required to get the project appraised by GITCO or such organisation nominated by GAIC. The cost of the appraisal shall be borne by the entrepreneur.

The entrepreneur shall get back ended interest subsidy after the project has commenced the commercial production. The certificate from the bank/ financial institution is required to be submitted before disbursement of subsidy can take place. The interest subsidy payable to the entrepreneur will be sent directly to the bank / financial institution.

Agri Business Registration Number (ABRN):

The entrepreneur is required to obtain ABRN with GAIC for availing assistance under different schemes of the policy. GAIC has prepared ABRN form to get general project information from the entrepreneur. Having registered, the details can be used by GAIC whenever application is received for various kinds of assistance available under the policy. Thus, ABRN will save inconvenience of furnishing details repeatedly and avoid duplication work. ABRN shall also help to have continuous interaction with the entrepreneur.

SSI Registration

SME pharmas may get interest subsidy

THE government may provide an interest subsidy to small and medium-size (SME) pharma companies to upgrade their facilities in order to meet stringent quality protocols. This particular proposal in the draft pharma policy is getting support from different wings of the government. The Prime Minister’s Office is keen to take forward the proposal for extending 5% interest subsidy to SMEs facing a fund crunch in order to meet the health ministry’s revised good manufacturing practices (GMP). A group of ministers (GoM) reviewing the new pharmaceutical policy is likely to take a decision on the issue soon, an official source said. The Planning Commission has already accorded an in-principle approval to provide Rs 560 crore for the scheme in the Eleventh Plan. The proposal is likely to get a goahead even as finance ministry cautioned the government on the budgetary implications of providing numerous fiscal incentives proposed in the draft policy. Once implemented, the interest subsidy scheme is likely to benefit close to 2,000 SMEs drug makers. The scheme would also come to the rescue of drug makers in Gujarat and Madhya Pradesh, several of whom have closed down due to lack of capital while others are struggling to find resources to meet the new GMP requirements. Several companies have also defaulted on loan repayments due to paucity of funds. The new GMP norms notified by the Union health ministry became mandatory with effect from July 1, 2005. The new requirements are comparable with WHO GMP norms. While the new norms have helped in standardising drugs produced by the SME manufacturers to those available elsewhere in the world, the exercise has substantially increased the upgradation cost for manufacturers. It is felt by government officials that low-cost advantage of SME drug makers should be protected in the larger national interest by providing suitable fiscal incentive in the form of an interest subsidy. As per a report of the Development Commissioner (SSI), contribution of SSIs in Indian Pharma market is 50% by volume and 30% by value.

Micro, Small and Medium Enterprises Development (MSMED) Act, 2006

As per GR 2006 of MSMED.

SSI Registration, Small Scale Industry, Small Scale Industry Registration

SSI Registration, Small Scale Industry

Section 8 of the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 provides for filing of memorandum by a Micro, Small or Medium Enterprise.  Sub-section (2) of section 8 stipulates that the form of the Memorandum, the procedure of its filing and other matters incidental thereto shall be such as notified by the Central Government.

SSI Registration in Gujarat, SSI Registration in Maharashtra

SSI Registration in Ahmedabad, SSI Registration in Mumbai

SSI Registration in Vadodara, SSI Registration in Pune

Small Scale Industry Registration in Gujarat

We are providing consulting service for Small Scale Industry Unit for Manufacturer and Exporter.

As per Government GR 2006 all Small Scale Industries has to re-register as SSI UNIT.  Here those who has registered before 2006 has to re-register themselves in SSI Unit.

Get benefits in Government Subsidy, Support, etc.

Register SSI Unit | SSI Registeration in Gujarat

SSI Registration in Gujarat

We are providing consultancy service those who are planning to start or setup new Small Scale Industry business as a Manufacturing unit.

To startup new setup of Manufacturing unit you must required to be registered in Small Scale Industry Unit.

We are offering following services to our clients.

- Small Scale Industry (SSI) Registration.
- Import Export Code registration (IEC code registraiton).
- ISO Certification.

- Trademark Registration.

Feel free to contact us for more details or email us.

Filing of Entrepreneurs Memorandum

Section 8 of the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 provides for filing of memorandum by a Micro, Small or Medium Enterprise.  Sub-section (2) of section 8 stipulates that the form of the Memorandum, the procedure of its filing and other matters incidental thereto shall be such as notified by the Central Government. 

    The memorandum may be filed by all three categories of enterprises with the District Industries Centre in the jurisdiction of which the  enterprise is (or, is proposed to be) located,

Features of the Scheme

    The memorandum may be filed by all three categories of enterprises with the District Industries Centre in the jurisdiction of which the enterprise is (or, is proposed to be) located,
    The procedure for filing it has been outlined in Schedule. II of the Notification for the format of EM

 

Procedure for Filing MemorandaFeatures of the present procedures are as follows:

    Form of the Entrepreneurs Memorandum can be downloaded from the Internet, the address of which can be obtained from Directorate dealing with Micro, Small & Medium Enterprises of the State Governments/ UTs. or  the hard copies of the same can be obtained from the District Industries Centres.  This form can also be downloaded from the SIDO website i.e. http://www.laghu-udyog.com or http://www.smallindustryindia.com
    Any person who intends to establish a micro or small enterprise, at his discretion; or a medium enterprise engaged in providing or rendering of services may, at his discretion or a medium enterprise engaged in the manufacture or production of goods shall file the Memorandum of  Micro, Small or as the case may be, of Medium Enterprise with District Industries Centre of its area.
    The District Industries Centre shall fill all the codes in the form of the Memorandum and issue an acknowledgement after allotting an EM number, date of issue and category of the unit within five days of the receipt of the form of Memorandum by post or same day, if the form of Memorandum is submitted in person as well as online. 
    Before issuing the acknowledgement, the District Industries Centers shall make sure that the form is complete in all respect and particularly the  form is signed and is accompanied with an undertaking, which is a part of the form of Entrepreneurs Memorandum. 
    The District Industries Centre shall maintain record of all the Entrepreneurs Memorandum so filed in respect of micro and small enterprises and medium enterprises engaged in providing and rendering services.  District Industries Centers shall forward a copy of the Entrepreneurs Memorandum so filed with EM number allotted to the Small Industries Service Institutes of their State/Jurisdiction.
    The District Industries Centre shall maintain record of all the Entrepreneurs Memorandum so filed in respect of medium enterprises engaged in production/manufacturing of  products and forward one copy each of the Entrepreneurs Memorandum with EM number allotted to Small Industries Service Institutes of their State/Jurisdiction and to Joint Development Commissioner (MSME Pol.) in the Office of the Development Commissioner (Small Scale Industries). 
    The form of Memorandum is in two parts. Any person who intends to establish a micro, small or medium enterprise engaged in providing or rendering of services may file or those who want to establish medium enterprise engaged in the production or manufacture of products shall file Part 1 of the Entrepreneurs Memorandum to District Industries Centre. 
    Once the above enterprises start production or start providing or rendering services, they should file Part II of the Entrepreneurs Memorandum to District Industries Centre. 
    In case of non-filing of Part II of the Entrepreneurs Memorandum within two years of the filing of Part I, the Memorandum (Part I) filed by the entrepreneur will become invalid.
    In case of change in the investment in plant and machinery or in equipment, the enterprises who have already filed Entrepreneurs Memorandum should inform the District Industries Centre of the same in writing within one month of the change in investment. 
    In case of change of products and that of services or addition in products or services, the enterprises who have already filed Entrepreneurs Memorandum should inform the District Industries Centre of the same in writing within one month of the change. 
    The District Industries Centre shall, in addition of keeping a record, in writing, shall also maintain records electronically on computer.

The following form basis of evaluation:

    The unit has obtained all necessary clearances whether statutory or administrative. e.g. drug license under drug control order, NOC from Pollution Control Board, if required etc.
    Unit does not violate any locational restrictions in force, at the time of evaluation.
    Value of plant and machinery is within prescribed limits.
    Unit is not owned, controlled or subsidiary of any other industrial undertaking as per notification.
     

Small Scale Industry Registration (SSI Unit)

Small Scale Industry Registration is most important for those who are manufacturers or Exporters to avail Government Benefits for their SSI Unit.

Benefits of Registering

The registration scheme has no statutory basis. Units would normally get registered to avail some benefits, incentives or support given either by the Central or State Govt. The regime of incentives offered by the Centre generally contains the following:

 - Credit prescription (Priority sector lending), differential rates of interest etc.
 - Excise Exemption Scheme
 - Exemption under Direct Tax Laws.
 - Statutory support such as reservation and the Interest on Delayed Payments Act.

(It is to be noted that the Banking Laws, Excise Law and the Direct Taxes Law have incorporated the word SSI in their exemption notifications. Though in many cases they may define it differently. However, generally the registration certificate issued by the registering authority is seen as proof of being SSI).

States/UTs have their own package of facilities and incentives for small scale. They relate to development of industrial estates, tax subsidies, power tariff subsidies, capital investment subsidies and other support. Both the Centre and the State, whether under law or otherwise, target their incentives and support packages generally to units registered with them.

SSI Registration in Gujarat | SSI Registration in Ahmedabad | MSME Registration in Gujarat | MSME Registration in Ahmedabad

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