Here you will get 40 business ideas for MSME and SSIs but before that let us understand what MSME and SSIs are.
MSME stands for Micro, Small and Medium Enterprises. According to the proposed definition, an enterprise is considered an MSME depending on its annual turnover. A company with turnover less than or equal to 5 crores is considered a micro-enterprise, between 5 to 75 crores is a small enterprise and between 75 to 250 crores is a medium enterprise.
SSI stands for Small Scale Industries. An enterprise where the investment is between Rs 25 Lakh and Rs 5 crores.
Importance of MSMEs and SSIs
MSMEs and SSIs contribute to the country in terms of employment and income and play a crucial role in the economy. It shows its importance by increasing the average socio-economic well-being of the citizens and also helps in the widespread distribution of the national income and wealth. Following agriculture, MSMEs are the largest employers in India, especially in rural or semi-rural areas of the country.
Top 40 Business Ideas for MSMEs and SSIs
MSMEs have business opportunities in almost every sector food, education, teleservices, hygiene products, daily essential services etc.
Some business ideas for MSMEs and SSIs are as follows: -
Mineral water refinery and distribution service
Tile and flooring manufacture
Home fixture production
Lighting (Tube lights, bulbs, CFLs etc.)
Laundry and dry-cleaning services
Toymaking (Small scale or Large scale)
Packaging material (Cartons, wooden boxes, corrugated sheets, tape etc.)
Chocolate making or chocolate shop
Fashion / Imitation jewelry manufacturing or store
Stationary Distributor and shop
Paper utensils (Paper plate, bowls and glasses etc.)
Beauty parlour or saloons
Ayurvedic medicine and oils
Soap and Shampoo production
Nuts processing (Peanuts, walnuts, almonds etc.)
Tomato sauce and pulp
Garment business or shop
Vegetable and fruit vendor
Grocery and essentials store
Kokum processing and packaging
Sausage making and processing
Mehendi making and application service
Printing and Xerox store
Café and tea shops
Automobile repair garage
Paper bag making
Dye and ink production
Brick and cement production
How to register as MSME?
If your businesses’ annual turnover falls in the bracket of MSMEs it is essential that you register the business as MSME with the government to avail all the benefits and aids the government is providing for these enterprises.
The simple 5-step process for registration as MSME is:
Step 1: Fill the online MSME Registration form with relevant details
Step 2: Upload the documents, like Aadhaar card and PAN card
Step 3: Make the payment for your Application
Step 4: Once the application is approved, your business gets registered and the documents are verified
Step 5: After 1-2 working days, the valid MSME certificate will be issued which is for both the manufacturing and service sector.
Through portals like https://msmeregistrar.net/ which offer quick and hassle-free registration online, from the safety of your home. Online MSME registration through the above portals also saves time by cutting out the excess time required to get registered offline in government departments.
This website is a property of a private consultancy firm. We provide consultancy services w.r.t. MSME / Udyog Aadhaar Registration. Please note we are private consultants. We do not represent any government office or any government department.