An Overview of NSIC Registration in India
NSIC is an enterprise of the Government of India which stands for National Small Industries Corporation. The main objective of establishing NSIC is to promote the products of micro and small enterprises.
The main pursuit of NSIC is to aid, promote, and foster the development of Micro, Small and Medium Enterprises in India by operating several schemes such as:
- Single Point Registration Scheme
- Performance and Credit Rating Scheme
- Consortia & Tender Marketing Scheme
- Raw Material Assistance
- National Scheduled Caste and Scheduled Tribe Hub
- Marketing Intelligence Services, etc.
The NSIC envisions becoming the leading organization to support and promote Indian MSMEs by offering them technological, marketing, financial, and other allied services.
Benefits of the Single Point Registration Scheme under NSIC
The entities registered under the Single Point Registration Scheme of NSIC qualify for several benefits. Some of them are as follows:
Tender info is free of cost
Tender is issued free of cost. Additionally, along with MSMEs products, extra 358 items from the SSI sector are reserved for exclusive purchase.
Businesses with NSIC registration is exempted from paying Earnest Money Deposit (EMD).
Benefits in Tender Participation
In tender participation, micro and small enterprises whose quoting price lies within the band of L1 + 15 are allowed to supply a fraction up to 25% of the requirement by bringing down their quotation to L1, where L1 is non-MSEs.
Procurement from MSEs
Every Department/Central Ministries/PSUs need to set an annual aim of at least 25% of the total annual purchase of the products or services developed or delivered by MSEs. Out of 25% annual procurement from MSEs, 3% is earmarked for the units owned by Women entrepreneurs and 4% for units owned by Schedule Caste/Scheduled Tribes.
What are the eligibility criteria for NSIC Registration?
In order to obtain NSIC registration in India, the applicant must meet the following criteria:
- All the Micro &Small Enterprises that hold Udyog Aadhaar Memorandum (UAM) or EM Part-II can avail NSIC registration under the Single Point Registration Scheme.
- The provisional NSIC registration certificate can be granted to those MSEs who have already started their commercial production but haven't completed one year. Such enterprises will be provided registration under SPRS with Rs. 5 lakh, which shall be valid for one year.
What are the documents required for obtaining NSIC Registration in India?
If you are eligible for getting registering your business under NSIC, then you need to prepare and submit the following documents to the concerned authority:
- Particulars of plant & machinery such as the date of purchase, the original value of the asset, etc.
- Company's Certificate of Incorporation
- MOA and AOA of the company
- Ownership Documents that must be self-attested
- Declaration from the Director or Proprietor that they do not have any connection with the large-scale unit
- Banker's Report related to the financial status of the applicant
- List of the raw material and finished goods
- Copy of the Pan Card
- Audited Balance Sheet, Trading Account, P&L
- List of cities or places where the services must be available
- Items for which registration is available.
- Copy of BIS (Bureau of Indian Standards) License, if applicable
- Copy of ISO 9000 (which is optional)
- Form 'A' obtained from the Registrar of Firms showing the partners' names
- Test report from Independent lab, as applicable.
- Other documents, as requested by the authority.
Procedure for getting NSIC Registration in India
One can apply for NSIC registration, both online and offline. You can follow the steps as described below:
Step 1: Apply for NSIC Registration online/offline
Micro and Small Enterprises need to apply online on the official website of NSIC or on the prescribed application form, which can be downloaded from the website.
Furthermore, you can also get the application form from the NSIC offices by submitting the requisite fees and documents to the Branch/Zonal/Sub Branch and Extension office/Sub Office of NSIC located nearest to your location.
Step 2: Application forwarded to the Inspecting Agency
A copy of the G.P. Registration application form is forwarded to the respective inspecting agency along with the required documents and proof of inspection charges.
The charges are settled on behalf of concerned inspecting agency which requests to carry out the technical inspection of MSEs. Furthermore, forward their endorsements in this regard.
Step 3: Issuance of SPRS Registration Certificate
After NSIC receives the inspection report, it will issue the Single Point Registration Scheme Certificate to the MSE businesses for stores/items as recommended.
What is the validity period of Single Point Registration?
The NSIC registration granted under the Single Point Registration Scheme (Revised), 2003 to the MSEs is valid for two years. Furthermore, it needs to be reviewed and renewed every two years.
However, the provisional registration certificate issued to MSEs under SPRS with a monetary limit of Rs. 5 lakhs stands valid for one year.