NSIC Registration

Overview of NSIC Registration

NSIC (National Small Industries Corporation Limited) is a government undertaking which was established in 1955. NSIC is operating under Micro, Small, and Medium Enterprise (MSMEs). At present, NSIC is a reputed Mini Ratna Public Sector Undertaking (PSU) and also holds ISO 9001:2015 certification.

NSIC was established to promote & fosters the growth of MSMEs operating in India and to act as a mediator to aid Small Scale Industries. It provides unified support services in various fields that include technology, support service, finance, and marketing. It registers Micro & Small Enterprises under Single Point Registration Scheme for association in Government purchases.

To obtain registration, enterprises having MSME or Udyog Aadhaar registration can apply online or by submitting an application at one of the NSIC offices. On submission of the application, the NSIC forwards the application to an zonal, branch or sub-branch office nearest to the applicant for completing technical inspection of the unit and forwarding of recommendation for NSIC registration. On receiving the inspection report, NSIC grants registration to the MSME unit.

What are the Eligibility Criteria for Choosing NSIC Registration?

The applicant shall mandatorily meet these eligibility criteria before applying for NSIC registration-

• All Micro Enterprises whose investment in- Plant & machinery is up to INR 25 lakhs and In-service sector up to INR 10 Lakhs, OR
• All Small Enterprises whose investment in Plant & machinery is up to INR 5 Crore, In-service sector up to INR 2 crores, OR
• Holding MSME Certificate.
• Completed one year of business commencement.

Note- The Provisional Registration Certificate shall be issued to the MSEs under the Single Point Registration scheme, which has not completed one year of business commencement.

What are the Schemes Available Under NSIC Registration?

There are various schemes under NSIC Registration, which are as follows:-

• Single Point Registration Scheme
• Consortia & Tender Marketing
• Procurement Marketing Scheme
• Performance and Credit Rating Scheme
• Bill Discounting Scheme
• Credit Facilitation by Banks
• Marketing Intelligence
• Raw Material Assistance Scheme
• Procurement and Marketing Assistance Scheme
• Infomediary Services
• Skill Development Service

Benefits Offered by MSME Registration to the Small Scale Units

• MSME registration holders have access to cheaper loans with an interest rate as low as 1.5%.
• Ensures credit relating to MAT, i.e. minimum alternate tax to be carried forward for up to five years instead of 10 years.
• MSME registration ensures the availability of any rebates and concessions.
• MSME registration holders can avail concessions on patent registration.
• MSME registration holders can use Udyam Registration Portal to get access to Government e-Marketplace and e-tenders.
• One Time Settlement Fee for MSMEs confronting payment issues with vendors.
• The Udyam Registration shall aid the MSMEs in securing benefits of following government schemes.

Public Procurement Policy

Credit Linked Capital Subsidy Scheme

Credit Guarantee Scheme

• Entities with MSME registration are eligible for priority sector lending from banks.
• MSMEs have access to the government security deposit waiver, which is beneficial while taking part in e-tenders.
• Ensures subsidy for Barcode registration.
• Ensures Exemption on Direct taxes through different tax saving schemes.
• Fees relaxation for ISO certification.
• Electricity bills concession.
• Ensure exposure to trade fairs conducted at the domestic and global level.

What Documents are Required for NSIC Registration?

The Documents required for NSIC registration are mentioned-below:-

• Identity proof and address proof of the authorized person.
• Copy of Acknowledgement of MSME registration.
• A Signed copy of PAN, Udyog Aadhaar Memorandum (UAM) Number.
• A Signed copy of ownership Documents of the business location (CoI).
• Copy of sales deed, if any
• Declaration from the Directors, Partners, or Sole proprietor that whether or not they have any link with large scale Unit(s).
• Write-up on quality control measures adopted by the firm for ensuring quality of raw material, bought out item (s) for assembly and sub assembly and for products/stores in process and the finished products quality control.
• List of quality control equipment and testing facility available in factory.
• Copy of type test report from Independent lab, where applicable as mentioned in relevant standard.
• Business existence proof for a minimum of 3 years along with the proof of ownership of raw materials, plant/machinery, equipment, and tools.
• Particulars of employees involved in production and services.
• Particulars of entry have been made in MSME Data Bank.
• Memorandum as per application's Performa Annexure-F.
• Review on quality control measurement chooses by the firm for quality control.
• Audited balance sheet and P&L for the previous 3 years.
• Banker's Certificate.
• Copy of BIS license, if applicable.
• Copy of ISO 9000 (not obligatory).

What is the Procedure to Obtain the NSIC Certificate?

Enterprises that are registered under MSME or have Udyog Aadhar Registration are eligible to get registered under NSIC. Registered MSME having Udyog Aadhar Registration can apply online for NSIC Registration. To obtain the NSIC certificate, MSMEs are required to fill the application form and submit it along with required Documents to the respective NSIC's zonal or branch offices located nearest to the unit.

For an NSIC certificate, an applicant needs to follow various steps as follows:-

• An applicant (MSME) needs to visit the official website www.nsicspronline.com to obtain NSIC Certificate.
• To get registered for Single Point Registration Applicant, MSMEs are required to register in MSME Data Bank using UAM No. and PAN.
• Fill in the requisite details asked in the application form using PAN and UAM numbers.
• An applicant shall submit the application form, along with the Documents.
• Payment of a requisite fee to obtain the NSIC certificate.
• Once the payment is made and confirmed and Documents get verified by the authority, the NSIC certificate shall be sent by post.

What are the Charges Applicable for the NSIC Registration?

At the time of NSIC registration various fees such as-

• Registration fees
• Inspection charges along with professional fee are payable

Registration Fees

Inspection Charges

These charges are paid in addition to the registration fee.

• Rs 2000 for micro-sized MSME
• Rs 3000 for small-sized MSME

What is the Validity of NSIC Registration?

Under Single Point Registration NSIC Certificate granted to MSMEs remains valid for 2 years which is renewed after the expiry of such 2 years. You must also note that Provisional NSIC certificate granted to MSMEs with a pecuniary limit of INR 5 Lakhs is valid for 1 year from the date of issue of the Certificate.

What are Functions Performed by NSIC?

Below-mentioned are the functions of NSIC:-

• To enhance competitiveness, NSIC runs various development schemes for MSMEs.
• It provides unified support services to MSMEs in Marketing, Technology, and finance.
• It also provides technical and skill development to MSMEs.
• Enables the allotment of tenders free of cost to eligible MSMEs.

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