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The Indian Government has launched several measures for the promotion and development of the small and budding entrepreneurs of India. Some of the initiatives are – make in India, Skill India, Digital India, Startup India, and Standup India. Various Public Sector Undertakings (PSUs) supports the Government in its goal of development of the MSME sector. One such PSU is the NSIC or National Small Industries Corporation, which assists in the drive of boosting and uplifting the micro and small scale units or MSMEs in India. The single largest purchaser of the variety of goods is the Government. To increase the share of purchases from the small sector, the Government Stores Purchase Programme was introduced in 1955-56. NSIC registers Micro and Small Enterprises (MSMEs) under the Single Point Registration Scheme (SPRS) for participation in Government Purchases (GP).
The businesses registered under Single Point Registration Scheme of NSIC are eligible to get the benefits under “Public Procurement Policy for Micro & Small Enterprises (MSEs).
The guidelines to apply online for Single Point Registration Scheme (SPRS) is given below:
The following are the guidelines for registering under the Single Point Registration Scheme in offline mode:
Complete documentation
Drafting and Filing of Application
Consultation on NSIC registration over the phone
The registration Fee under the Single Point Registration Scheme is based on the turnover as per the latest audited Balance Sheet of the Micro & Small Enterprise. The below table indicates the fee structure:
The G. P. Registration Certificate allotted to the Micro & Small Enterprise under the Single Point Registration Scheme (Revised), 2003 is valid for two years and will be reviewed and renewed after every two years.
The renewal is done after verifying commercial and technical competence of the registered Micro & Small Enterprise in manufacturing or producing the stores for which it has been registered by NSIC
Our professionals in Enterslice will help you in completing the documentation work for getting the NSIC Registration. Our experts will assist you in drafting and filing of the application for NSIC Registration and will also guide you through the Single Point Registration Scheme.
Enterprises are classified as Micro, Small & Medium based on the limit of investment for manufacturing or service sector. Eligible MSME units are provided with Udyog Aadhar Registration certificate. Single Point Registration Scheme is a developmental scheme of NSIC to assist the MSEs in India. By opting for this scheme, the MSMEs having an NSIC registration scheme can get exempted from Earnest Money Deposit (EMD) in Government Purchases.
Also, Read: A Comprehensive Guide on National Small Industries Corporation (NSIC) Registration .
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