A Comprehensive Guide on National Small Industries Corporation (NSIC) Registration

National Small Industries Corporation or NSIC is an undertaking of Government of India under Ministry of Micro, Small and Medium Enterprises (MSME).NSIC is a Mini Ratna PSU introduced by the Government of India in 1955. The primary objective of NSIC OR National Small Industries Corporation is to promote the products of micro and small enterprises. The National Small Industries Corporation connects in India by working in specific plans like single point registration for Government purchase, Performance and Credit Rating Scheme and Marketing Support, etc. It operates all over India with the help of the network, Technical Centers and Offices. The MSMEs having NSIC Registration can get access to various developmental schemes of the government and achieve enormous growth in their business.

What is the NSIC Registration?

NSIC by way of registration permits the micro and small enterprises to participate in Government Purchase Programme. The applicant by getting NSIC Registration connects with the difference in MSME relationship in India by working on specific plans like single point Registration for Government purchase, Marketing Support, Performance and Credit Rating Scheme. NSIC registration is always recommended to MSMEs to avail several benefits from the schemes under NSIC. The primary aim of NSIC is to promote and support the Micro, Small & Medium Enterprises or MSMEs by providing integrated support services encompassing Marketing, Technology, Finance, and other services.

What is the Eligibility Criteria for NSIC Registration?

Any business enterprise which fulfills the below condition is eligible for NSIC registration:

• All Micro Enterprises, whose investment in plant and machinery is up to Rs.25 lakhs and in-service sector up to Rs.10 Lakhs.
• All Small Enterprises whose investment in plant & machinery is up to Rs.5 Crore and in-service sector up to Rs.2 crore.
• Any enterprise holding MSME Certificate.
• Any enterprise that has completed one year of business commencement.

What are the Documents Required for NSIC Registration?

• Copy of acknowledgment of MSME registration
• Details of plant and machinery along with raw material with the original purchase price
• Performance Statement of the enterprise.
• Self-attested copy of the ownership documents of the premises or copy of lease deed.
• Declaration or Certificate from the Proprietor or Partner or Director whether or not they have any link with large scale unit(s).
• List of raw materials used and finished goods in stock.
• Copy of BIS license, (if applicable).
• Copy of ISO 9000.
• List of all the technical personnel employed in production and services.
• The item for which registration is required with detailed specifications.
• List of quality control measures adopted by the firm for ensuring the quality of raw material.
• List of all the quality control equipment and testing facilities available in the factory.
• Copy of the type test report from an independent lab.
• Latest Electricity Bill Copy of the enterprise.
• Audited Balance Sheet, examined trading Account and Profit & Loss Account.
• Account for the last three years duly signed by the authorized person under his seal.
• A complete Statement showing the Results of Operation for the previous three years duly signed by a Chartered Accountant under his seal.
• Bankers’ Report providing details of the financial status of the applicant firm as per Performa “F” of the application form.
• Copy of Permanent Account No or PAN Card.
• Partnership Deed(if any)
• Form ’A’ from the Registrar of Firms showing names of the partners (if available).
• Certificate of Incorporation
• Memorandum of Association (MOA) and Articles of Association (AOA).

What is the Procedure for NSIC Registration?

Both the manufacturing and service provider enterprises having MSME or Udyog Aadhaar registration are eligible for obtaining NSIC registration. The registration is available in both online and offline mode:

NSIC Registration through Online Mode

• Log in to the official website of NSIC at  http://www.nsicspronline.com/home.aspx.
• Select the menu “Online Registration for GP” given on the right side.
• From that point fill-up, the NSIC Registration form and press save and then proceed.
• Pay the NSIC Registration fees as recommended.
• Transfer the filtered pictures of all the endorsements.
• Finally, press the “submit” tab for the submission of the NSIC Registration Application Form.

NSIC Registration through Offline Mode

• Download the copy of the NSIC Registration Application Form.
• Fill the required detail.
• Small and Medium Scale Enterprises are required to submit a copy of NSIC Application alongside essential charges and reports to Zonal or Branch and Sub Office or Extension office of NSIC.
• Send the form to the concerned Inspecting office alongside duplicates of required archives and imperative Proofs or Draft or Pay Order of investigation charges for relevant Inspection Agency to do Technical Inspection of Micro and Small Enterprise.
• After getting the Inspection Report the NSIC or National Small Industries Corporation issue GP Registration Certificate to MSME for things or stores as suggested.

What are the Charges for NSIC Registration?

The NSIC registration charges are generally based on the turnover of the enterprise as per the latest financial statements. The following are the registration fees:

Amount of Turnover	Micro Enterprises	Small Enterprises
Less than Rs 1 Crore	Charged at Rs. 3000	Charged at Rs. 5000
More than INR 1 Crore	Charged at Rs.3000 plus Rs.1,500 for every additional crore in the turnover	Charged at Rs.5000 plus Rs.2000 for every additional crore in the turnover

Apart from the registration charges, there is an inspection fee, and the professional fee is also charged as well.

Enterprises	Inspection Charges	Professional Fee
Micro	Rs. 2000	Rs.6000
Small	Rs.3000	Rs.8000

NSIC Registration Certificate and Its Validity

After the submission of the NSIC Application and its approval, the enterprise will receive NSIC Registration Certificate. The NSIC Registration Certificate granted to the Micro, and Small Enterprise is valid for two years. The certificate will be reviewed and renewed after every two years by verifying continuous Commercial and Technical Competence of the registered Micro & Small Enterprise in the manufacturing or producing stores for which it got registered under NSIC.

What are the Benefits of NSIC Registration?

The following are the advantages of NSIC Registration:

• Registration Certificate is issued free of cost.
• Exempted from the installment of Earnest Money Deposit (EMD).
• In delicate taking part MSME citing cost inside value band of L1+15 per penny might likewise be permitted to supply a segment up to 20% of prerequisite by cutting down their cost to L1 Price where L1 is non-MSME.
• Each Central Ministries/Departments/PSUs should set a yearly objective of least 20 for every penny of the aggregate annual buys of the items or administrations delivered or rendered by MSMEs. Out of annual prerequisite of 20% acquirement from MSMEs, 4% is reserved for units claimed by Schedule Caste/Schedule Tribes Notwithstanding the over, 358 things are additionally saved for selective buy from SSI Sector.

Schemes for MSMEs Having NSIC Registration

Single Point Registration Scheme

To increase government purchases from small-scale enterprises, the government introduced the Single Point Registration scheme (SPRS). MSMEs can get registered under this scheme and get exempted from the Earnest Money Deposit (EMD) in Government Purchases. Earnest Money Deposit(EMD) is taken from the bidder to assure his sincerity in a bid.

Raw Material Assistance (RMA) Scheme

Raw Material Assistance or RMA Scheme provides financial support to MSMEs for the purchase of Raw Material both indigenous and imported. This allows MSMEs to focus more on manufacturing good quality products.

MSME Global Mart

NSIC initiated the B2B portal called MSME Global Mart. These are a one-stop for assistance to MSMEs on the business, technology, and finance. MSME Global Mart aims to boost the core competence of Indian MSMEs. The services of this portal are available through Annual Membership.

Skill Development & Services

NSIC administers technical support and skill development training to MSMEs at the ‘NSIC Technical Services Centres’ (NTSC). Besides, it has several Training Incubation Centres (TICs), and Livelihood Business Incubation Centres (LBIs) spread across India.

Contact Enterslice for NSIC Registration

Enterslice is committed to helping entrepreneurs and small business owners to start, manage and grow their business. We aim to help the entrepreneur on the legal and regulatory requirements and be a partner throughout the entire business life cycle, offering support to the company at every stage and make sure they are compliant and continually growing.

Conclusion

NSIC helps in transition, growth, and development to strengthen the country by promoting modernization, up-gradation of technology, quality consciousness and strengthening linkages with large and medium enterprises in enhancing export projects or products from small-scale enterprises. Manufacturing and Service Enterprises having their Udyog Aadhar Registration in hand qualifies for getting NSIC Registration Online. To get NSIC registration, businesses with Udyog Aadhar enrollment can easily apply online by just presenting an application at one of the NSIC offices.