What is NSIC Registration?
NSIC is the abbreviation used for National Small Industries Corporation Limited is a government undertaking operating under Micro, Small, and Medium Enterprise (MSMEs). Formed by the Government of India in the year 1955 is known as Mini Ratna Public Sector Undertaking (PSU).
NSIC promotes & fosters the growth of MSMEs operating in India through various schemes such as Single Point Registration, Marketing Support, and credit rating scheme for SMEs, etc
Eligibility Criteria For NSIC Registration
Before applying for NSIC registration, the applicant shall mandatory meet these requirements for being eligible:
- Applicant must be Micro and Small Enterprise with valid Udyog Aadhar Memorandum or EM Part-II
- MSMEs who have started their business and have incurred commercial production for one year or less can apply for a provisional NSIC certificate with validity of one year.
NSIC Registration Process
Enterprises engaged in manufacture or service providers having registered under MSME or have Udyog Aadhar Registration are eligible to get registered under NSIC. Registered MSME having Udyog Aadhar Registration can apply online or offline by applying to the NSIC office. Following is the procedure to apply online for NSIC registration:
- MSME can apply online through the official website of NSIC http://www.nsicspronline.com/home.aspx by completing the application that can be downloaded online through this website.
- The applicant can also apply offline directly to the NSIC office by submitting the necessary documents and prescribed fee to the branch/regional/zonal office of NSIC.
- Copy of Registration application, along with documents, is forwarded to inspecting agency.
- On receipt of the inspection report submitted to NSIC by inspecting agency, it shall issue the Single Point Registration Scheme Certificate.
Documents required for Online NSIC registration
Following documents are annexed with the online/offline application for NSIC registration:
- Complete details of plant & machinery installed such as date of purchase, the value of asset, depreciation, etc
- COI, in case of a company
- Form A issued by the registrar of firms to a partnership firm
- LLP agreement in case an applicant is LLP
- MOA & AOA
- Self-attested supporting documents for ownership
- Declaration from director concerning non-connection with any large-scale unit.
- Bank's report describing the financial position of the applicant
- Complete list of raw materials, finished goods or in-process goods.
- PAN of the company
- Audited financial statement of the preceding year
- BIS License, if applicable
- ISO 9000 (Optional requirement)
- Details about quality control equipment installed in the factory
- Details of manpower including technicians employed in the manufacturing department
- Copy of latest electricity bill of the premise
NSIC Registration Charges
Following NSIC Registration charges such as registration fees, inspection charges along with professional fee are payable at the time of registration:
Fees for fresh NSIC registration of MSMEs:
Turnover up to INR 1 Crore
Turnover exceeding INR 1 Crore
INR 3000 + INR 1500 for additional turnover exceeding 1 Crore
INR 5000 + INR 2000 for additional turnover exceeding 1 Crore
Inspection Charges: Inspection charges are paid in addition to the registration fee.
• For micro-sized MSME: INR 2000
• For small-sized MSME: INR 3000
The validity of NSIC Registration
NSIC Registration under Single Point Registration granted to MSMEs remains valid for two years which is renewed or revised after the expiry of such two years and provisional NSIC registration certificate granted to MSMEs with a monetary limit of INR 5 Lakhs is valid for one year from the date of issue.
Benefits of getting Single Point Registration under NSIC
The entities holding NSIC registration qualify for additional benefits such as:
- In addition to the free issue of tender, extra items of SSI sector along with MSMEs products, are reserved for exclusive purchase.
- Entities holding valid NSIC registration are exempted from the payment of Earnest Money Deposit.
- At least 25% of the annual purchase made by central ministries, PSUs or government department shall be delivered from MSMEs out of which 3% shall be procured from the units owned by women entrepreneur, and 4% shall be procured from the units owned by SC/ST.
Frequently Asked Questions
The main motive of NSIC is to promote and foster the development of MSMEs through various schemes such as:
- The single point registration scheme
- Credit rating scheme
- Tender marketing scheme
- Assistance for raw material
- A national hub for schedule caste and schedule tribe
- Providing services relating to Marketing Intelligence
National Small Industries Corporation is established to perform the following functions such as:
- NSIC promotes the development of MSMEs by enhancing its competitiveness through developmental schemes.
- NSIC provides integrated support services related to marketing, technology, and finance.
- NSIC imparts training and skill development to MSMEs operating in India.
MSME Global Mart is the B2B (Business to Business) portal. NSIC initiated MSME Global Mart for providing business, technology and financial assistance to MSMEs. Services of this global mart can be availed through annual membership by MSMEs.