The full form of SSI is Small Scale Industries.
Small Scale Industries (SSI) historically referred to industrial units with specific investment limits, primarily focused on manufacturing, production, and processing. These industries played a crucial role in economic development by generating employment, promoting entrepreneurship, and fostering regional growth.
However, the term SSI has been largely superseded by the term Micro, Small and Medium Enterprises (MSMEs). In many countries, including India, the MSMED Act, 2006, redefined the classification of these enterprises based on investment in plant and machinery (for manufacturing) or equipment (for service enterprises). The registration process previously known as SSI registration is now handled under the MSME framework, typically involving the filing of a memorandum or undertaking.
Therefore, while the full form of SSI is Small Scale Industries, it's important to understand that the term is often used interchangeably or in conjunction with MSMEs in contemporary contexts.
