9870310368 9810688945

NSIC Registration

NSIC registration is issued under the Single Point Registration Scheme to the MSMEs and is valid for two years. Further, it needs to be renewed in every two years.

Package Inclusions:-
  • Complete documentation
  • Drafting and Filing of Application
  • Consultation on NSIC registration over the phone
  • Regular follow-up with the concerned department
Request a call back

Overview to NSIC in India

In a video given below, we have explained what is NSIC Registration? A complete process of registering NSIC Registration.



NSIC, i.e. National Small Industries Corporation is a Government enterprise which falls under the Ministry of Micro, Small and Medium Enterprises (MSME). NSIC helps to promote, aid and foster the growth of MSME businesses in India by operating various schemes such as Single Point Registration for Government Purchase, Marketing Assistance Scheme, Performance and Credit Rating Scheme etc. for all micro and small industries.

What is NSIC Registration?

NSIC is a Mini Ratna PSU set up by the Government of India in the year 1955. NSIC connects with different MSMEs operating in India. NSIC promotes and provides aids for the growth of MSMEs across the country. The corporation gives setup training and incubation, which is managed by experts and professionals. NSIC offers an integrated support service regarding various fields which include technology, finance and marketing. NSIC also registers Micro & Small Enterprises (MSEs) under Single Point Registration Scheme (SPRS) for involvement in Government purchases.

NSIC registration - Eligibility Criteria

The business enterprises fulfill the following conditions to become eligible for NSIC registration:

  • All those Micro Enterprises who invest in plant & machinery up to Rs. 25 lakhs and invest up to Rs. 10 Lakhs in the service sector
  • All those Small Enterprises who invest in plant & machinery up to Rs. 5 Crore and invest up to Rs. 2 crores in the service sector
  • Those enterprises which hold the MSME Certificate
  • The enterprises which have completed one year of business commencement

Benefits for NSIC registration

The benefits for the NSIC registration are as follows:

  • Free Allotment of tenders - NSIC registration enables the allotment of tenders totally free of cost to eligible MSMEs.
  • No EMD deposit - MSMEs having NSIC registration need not pay Earnest Money Deposit (EMD).
  • Development of SSIs - NSIC has reserved around 358 items for purchase, particularly only from (Small Scale Industries) SSIs for the upliftment of this sector.
  • Assistance in Government tenders - All MSMEs bidding for government tenders within the price cap are allowed to supply up to 20% of the demand on the reduced price.
  • Reserved Quota - From the total annual requirement of 20% supplies from MSMEs, 4% is reserved for the units owned by SC/STs category.
  • Progress of MSMEs - NSIC executes various interconnected aid services concerning marketing, technology, finance and other such support to MSMEs.
  • Increased Sale - PSUs, departments and central ministries assure a minimum of 25% of the total annual purchases of products and services produced by MSEs.
  • Provides consultancy services - NSIC in India encourage entrepreneurship development, capacity building, policy and institutional framework and business development services to MSEs.

Various Schemes for MSMEs having NSIC registration

There are various schemes for MSMEs, from which some are discussed in detail:

Single Point Registration Scheme- The Government is the largest buyer for the variety of goods. Due to the increase in share of purchases from a small scale sector, the Government Stores Purchase Programme was launched in the year 1955-56. NSIC registers MSEs or Micro & Small Enterprises under Single Point Registration scheme (SPRS) for participation in Government Purchases.

Performance and Credit Rating Scheme - This scheme seeks to the establishment of independent and trusted third party opinions on capabilities and credit-worthiness of MSEs. This makes availability of credit at attractive interest rates and also ensures to better productivity. Under this scheme, a percentage of Rating Agency charges are reimbursed by Ministry of SSI as per MSEs Turnover.

Bill Discounting Scheme - This Scheme will cover discounting of bills arising out of genuine trade transactions i.e. supplies made by MSMEs or Micro, Small and Medium Enterprises to reputed Public Limited Companies/State and Central Govt. Departments/ Undertakings/Private Limited Companies (not traders), engaged in manufacturing/ service activities.

Bank Credit Facilitation- To meet the credit requirements of MSME units, NSIC has entered into a Memorandum of Understanding with various Nationalized and Private Sector Banks. Through these banks, NSIC facilitates MSME in accessing credit support (fund based or non-fund based limits) from the banks. NSIC also assists MSMEs in completion of the documentation for submitting the proposals to the banks. This type of support is provided by NSIC without any cost to the MSMEs.

Raw Material Assistance Scheme- Raw Material Assistance Scheme aims to support MSMEs by way of financing the purchase of Raw Material both indigenous & imported products. This provides an opportunity to MSMEs to focus better on manufacturing quality products.

Procurement and Marketing Assistance Scheme- Marketing is necessary for the development of business and is essential for the growth and survival of micro, small & medium enterprises as well. Large scale enterprises have enough resources to hire manpower and to take care of marketing of their products and services. MSME sector does not have these resources and hence requires institutional support for providing these inputs in the area of marketing. Ministry of Micro, Small & Medium Enterprises along with NSIC, has been providing marketing support to Micro & Small Enterprises (MSEs) under Marketing Assistance Scheme.

Procedure for NSIC registration Online

Step1

MSMEs need to apply for the registration online by visiting NSIC official website

Step2

Fill the Application Form and Submit the form along with required documents

Step3

The Application Form submitted by MSME will be forwarded for the inspection along with all the submitted documents

Step4

The inspecting agency starts the inspection process, and will proceed for the technical inspection of Micro and Small Enterprise

Step5

After the inspection, the report of the agency will be submitted to NSIC

Step6

When NSIC is convinced with the report, it will issue the SPRS registration certificate to MSME

Document required for NSIC

  • Udyog Adhaar Memorandum (UAM) Number
  • GST certificate
  • Copy of PAN
  • Copy of last Electricity Bill
  • Copy of Sales Deed
  • Proof of Business existence for a minimum of 3 years
  • Audited balance sheet
  • Profit and Loss account statement for the previous 3 years
  • Declaration of entry been made in MSMEs Data Bank
  • List of employees involved in production and services
  • Attesed copy of ownership documents of the business location
  • Declaration Certificate from the Directors, Proprietor and Partner whether or not they have any link with large scale Unit

Registration Fees

The registration fee is according to the annual turnover and latest audited balance sheet of the MSME enterprises. However, the basic details of registration fees for the MSEs are as below:        

Category

Turnover below Rs. 100 Lakh   

Turnover above Rs. 100 lakh

Small Enterprises

Rs. 5000

 

Rs. 5000 plus additional Rs. 2000 for every additional turnover of Rs. 100 Lakh

 

Micro Enterprises    

Rs. 3000

Rs. 3000 plus additional Rs. 1500 for every additional turnover of Rs. 100 Lakh

 

Validity of the NSIC Registration

NSIC registration must be valid for 2 years under the Single Point Registration Scheme. It has to be renewed after every 2 years on verification by the CTC (Commercial and Technical Competence) of the registered MSEs. Whereas the Provisional NSIC Registration must be valid for 1 year from the date of the issue of NSIC application, i.e. after levying the NSIC registration fee and obtaining the required documents.

How Enterslice helps you to get NSIC Registration

Fill The Form

Get a Callback

Submit Document

Track Progress

Get Deliverables

Frequently Asked Questions

NSIC registers the Micro & Small Enterprises (MSEs) under Single Point Registration Scheme (SPRS) for involvement in Government purchases. The MSEs having NSIC Registration can easily get access to numerous developmental schemes launched by the government and achieve tremendous growth in their business.

Micro & Small Enterprises shall have to apply either online on NSIC website or through the prescribed application form (in duplicate) along-with requisite fee and documents submitted to the Zonal/Branch/Sub Branch office of NSIC situated nearest to their enterprise location.

The NSIC registration certificate granted to MSEs (Micro and Small enterprises) under Single Point Registration Scheme is valid for only 2 years whereas MSME registration certificate is valid for a lifetime.

All Micro & Small Enterprises having Dog Adhere Memorandum (UAM) are eligible for registration with NSIC under its Single Point Registration Scheme (SPRS).

Visit to NSIC website to download the loan application forms for Bank Credit Facilitation. The MSME Unit can also directly approach to any of the branch offices and submit their request for loan requirement from any of the banks under the tie up agreement with NSIC.

For Micro service industry it is up to RS.10 Laths and for the small service industry it is above Rs.10 Laths but below Rs.2 Cores.

• NSIC runs various developmental schemes for MSMEs as to enhance their competitiveness.

• NSIC provides integrated support services to MSMEs in relation to Marketing, Technology, and Finance.

• NSIC provides training and skill development to the MSMEs in India.

NSIC is a Mini Ratna PSU established by the Government of India in the year 1955. It has motive to promote and develop the MSMEs in India.

MSME registration is a government scheme which provides help and support to the Micro Small and Medium Enterprises regarding finance, technology and marketing.

NSIC falls under Ministry of Information Technology, Government of India.

• If Monetary Limit under SPRS is up to Rs. 100 lakhs then Rs. 1,000 + GST

• If Monetary Limit under SPRS is more Rs. 100 lakhs and up to Rs. 500 lakhs then Rs. 2,500 + GST

• If Monetary Limit under SPRS is above Rs. 500 lakhs then Rs. 5,000 + GST• Units owned by SC/ST entrepreneurs are exempted from the enlistment fee

The renewal of NSIC registration can be done after every 2 years.

Share With
Why Enterslice?
Asia Winner
Top 100 Most Innovative Companies in Asia - Red Herring
Top 25 Consultants
Forbes 30 Under 30 in American business and industry figures Lists.
100%
Success Rate. Your Order Comes with Money Back Guarantee
300+
Services delivered by 300+ Qualified CA and CS
Latest Post
Single Point Registration Scheme of NSIC: A Complete Checklist
The Indian Government has launched several measures for the promotion and development of the small and budding entrepreneurs of India. Some of the initiati...
Read more
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...
Read more
As seen in
Testimonials
5.0

" Enterslice use technology better than others. That saves time and money; Team enterslice is more efficient than traditional competitors, and that helps to pass on the cost advantage to its clients. The company is building a high-level transparency in legal services by optimum use of technology and process automation in consulting. I highly recommend this company. "

Nilanjan Bandyopadhyay
Nilanjan Bandyopadhyay
5.0

" Excellent advisory role by Enterslice Team. They are a trusted partners to us. Narendra and his team helped us with our pre NBFC applications and Post NBFC advisory services. "

Amit Goel
Amit Goel
5.0

" Amazing services provided by your organization. They have completed our NBFC registration order within stipulated time period of 90 days. They provide constant guidance and support in the process. Their support in building fintech software is amazing. "

Manisha Mantri
Manisha Mantri
Trusted by
Finstar Financial
Herbal Life Nutrition
First Cry
Acme Solar
Opera Software
Razorpay
Taj Hotels
wechat Abhi821982
Go to Top Hey I'm Suman. Let's Talk!