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NSIC Registration

The main aim of NSIC is to help the growth of MSMEs in India and serve as an intermediary to assist Small Scale Industries. Find expert help from trained professionals at RegisterKaro for complete NSIC registration services.

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Eligibility Assessment
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Document Preparation
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Application Submission
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Compliance Guidance
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Post-Registration Support
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What is NSIC?

Under the Ministry of Micro, Small, and Medium Enterprises (MoMSMEs), the Government of India oversees the National Small Industries Corporation (NSIC). NSIC encourages and supports MSMEs’ expansion across the country. Professionals oversee the corporation’s incubation and training programs. NSIC offers comprehensive support services across multiple domains, including technology, marketing, finance, and support services. Micro and Small Enterprises (MSEs) can participate in government procurement by opting for NSIC Registration under the Single Point Registration Scheme (SPRS).

The Indian government founded the National Small Industries Corporation in 1955. As of right now, NSIC is a well-known Mini Ratna PSU with ISO 9001:2015 certification. The Government of India established NSIC to support small and expanding businesses in post-independence India. NSIC serves as a middleman, offering support to small-scale industries (SSI). MSEs with NSIC registration are eligible for a number of government development programs, which can help them expand their businesses significantly.

National Small Industries Corporation

An Overview of National Small Industries Corporation

Benefits of NSIC Registration

NSIC Registration brings a wide range of benefits for the entities to enjoy under the domain. Few of such benefits are as follows-

1. Free issuance of the tender sets;

2. waiver of the need to pay an earnest money deposit (EMD);

3. Participating MSEs in the tender who quote prices within the L1+15 percent price band may also supply up to 25% of the requirement by lowering their prices to L1 price, provided that L1 is made up of non-MSEs.

4. Every Central Ministry, Department, and PSU must set an annual target of acquiring at least 25% of the total amount of goods and services produced or provided by MSEs.

5. Three percent goes toward units owned by women entrepreneurs, and four percent goes toward units owned by Schedule Caste/Schedule Tribes, out of the yearly minimum of twenty-five percent procurement from MSEs.

6. 358 products are only available for purchase at SSI Sector.

Benefits of NSIC Registration

Check if you are eligible for NSIC Registration

For proceeding ahead with the NSIC Registration, you need to fall in one of the give category to qualify for the minimum eligibility criteria:

Check if you are eligible for NSIC Registration

1. Registration with NSIC is open to all Micro and Small Businesses who hold an EM Part-II (Optional) or Udyog Aadhaar Memorandum (UAM).

2. For nascent businesses, Micro & Small Enterprises that have initiated their commercial production but have not yet reached their one-year anniversary of establishment.

3. Then, Micro & Small Businesses may apply for and receive a Provisional Registration Certificate, which will be good for a year.

Note: It is not possible for traders to register under this scheme.

Challenges to experience in NSIC registration

The process of NSIC registration is a road with hurdles which are expected to face for a successful journey. Few of such hurdles are as follows:

Challenges to experience in NSIC registration

Complex Process

The NSIC registration process is quite complex to be covered single handedly. This Becomes a problem for individuals dealing with the process without a team as the burden leads to missing important compliances, documents and other things.

Comprehensive Documentation

The documentation required to be prepared for the NSIC registration is quite in numbers which makes the process a bit exhausting. This creates exertion for the applicant to prepare error-free documents within the specified timeline which eventually leads to committing mistakes in the process.

Exhaustive Compliances

The compliances list for NSIC operation and registration both is quite long to be covered. Therefore it is a challenge to meet the compliances on your own without any external assistance. If not taken care, it is expected to receive notice for non-compliance.

Schemes pertaining to NSIC

Following are certain schemes available under the NSIC Registration:

Single Point Registration schemes: The Government of India has directed that firms registered under the Single Point Registration Scheme of NSIC be eligible to receive benefits under the “Public Procurement Policy for Micro & Small Enterprises (MSEs) Order 2012”.

Marketing Assistance Scheme: Support for marketing has long been regarded as one of the most crucial instruments for any company’s growth. In today’s fiercely competitive market, it is essential for Micro, Small, and Medium-Sized Enterprises to survive and flourish. The National Small Industries Corporation has a number of programs to aid businesses in promoting their products and services in both domestic and international markets. The following is a quick description of these schemes:

Associations and Bidding Promotion: When it comes to obtaining and delivering significant orders, micro and small businesses face a number of challenges that prevent them from competing on an equal footing with larger organizations. In order to combine in their capacity, National Small Industries Corporation develops consortia of MSEs that manufacture the same or similar product or items. In order to obtain orders for individual micro and small enterprises or consortiums of micro and small enterprises, National Small Industries Corporation submits tenders on their behalf. Ultimately, these orders are distributed across Micro and Small Businesses based on their manufacturing capabilities.

Technology Fairs and Exhibitions: Annual participation in National and International Trade Fairs and Exhibitions by National Small Industries Corporation serves to highlight the key competencies of Micro and Small Enterprises inIndia and to leverage market opportunities. The National Small Industries Corporation provides MSEs with rents and other subsidies to make their participation easier. By taking part in various national and international events, Micro and Small Enterprises units get to know foreign business practices and enhance their business acumen.

Credit Assistance: NSIC offers credit support to the MSEs in a varied range of areas such as financing raw material procurement, marketing activities, exporting, Bill discounting, etc. National Small Industries Corporation forms strategic agreements with many commercial banks to provide working capital and long-term financing of MSEs nationwide, ensuring a seamless flow of credit to MSEs. The agreement calls for National Small Industries Corporation to share the processing fee and submit loan applications from interested MSEs to the banks.

Schemes pertaining to NSIC

Documents to carry with you

You need to carry the following documents which are annexed with both the online and offline NSIC registration application:

Documents to carry with you

1. Certificate of Incorporation [for companies]

2. LLP agreement and Form A which is issued by the registrar of Firms [for LLP]

3. Memorandum of Association and Articles of association

4. Attested documents supporting the ownership

5. The director’s statement regarding their lack of affiliation with any large-scale units.

6. List of materials like raw material, finished goods, unfurnished goods.

7. PAN of company

8. Financial documents like bank statements, ITR reports, audited financial statements

9. BIS License [if applicable]

10. Details pertaining to quality control equipments in Factory

11. Human Resource recruitment report

12. Utility bills like electricity, water bill, etc.,

Process of NSIC Registration

You may follow the step-by-step instructions

Step 1:

To receive an NSIC certificate, eligible applicants should go to the organization’s official website.

Step 2:

The second step is for Micro and Small Industries to register with the MSME Data Bank. To start the process, they need to enter their PAN and UAM numbers.

Step 3:

Complete the application form by entering the necessary information.

Step 4:

Applicants must pay the appropriate NSIC registration fees based on the Unit enterprise type (Micro/Small).

Step 5:

A store item inspection is carried out by an inspection agency in compliance with its jurisdiction and subject competence.

Step 6:

Applicants can pick up their final certificates online or by mail when the authorities have confirmed their paperwork and payment.

Why Choose RegisterKaro for NSIC Registration?

RegisterKaro has been one stop solution for the NSIC registration for the varied ranges of benefits such as:

Pool of ExpertsRegisterKaro holds a large pool of Experts from all over the world specializing in NSIC Registration services. Our team of experts makes sure that your work is taken care of in the most effective manner possible.

Cost-effectiveRegisterKaro NSIC Registration services are of premium quality at the most efficient rate, which suits the client’s pocket, making sure that quality service is not the only thing the client gains on our platform.

Client-oriented approachOur team of experts is well trained and equipped with a client-oriented approach, keeping in mind that the process must be client-centric, focusing on meeting all the requirements of their business and, therefore, satisfying their needs.

Process AlterationFor the fact that we focus on a Client-centric approach, we keep our process structurization open for the client to alter it as per their need, requirements, and vision. For us, obtaining the best results is the focus, along with the Client satisfaction.

Trusted partner of 10000+ ClientsRegisterKaro has earned the trust of more than 10000+ clients who have availed our NSIC Registration services. Their trust in us from a term in continuity is proof of our services backed by quality and assurance.

Why Choose RegisterKaro for NSIC Registration?

Why RegisterKaro?

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FAQs

Who is eligible for NSIC registration?

One falling into the given category is eligible for NSIC registration: Micro and Small Businesses who hold an EM Part-II (Optional), Udyog Aadhaar Memorandum (UAM), nascent businesses, Micro & Small Enterprises that have initiated their commercial production but have not yet reached their one-year anniversary of establishment.

What is the difference between NSIC and Udyam registration?

In contrast to Udyam, NSIC levies a small registration cost that is determined by turnover. It is not true that Udyam registration is required in order to register your firm with NSIC. According to certification: Every benefit provided by an NSIC certificate is also covered by an Udyam MSME certificate.

What is the difference between MSME and NSIC?

Since NSIC is a corporation under the Ministry of MSME, the MSME’s purview is expanded. NSIC is primarily concerned with the commercial expansion of micro and small businesses in the nation, while the Ministry of MSME serves the many business demands of all small-scale organizations.

What are NSIC registration fees?

The fee for NSIC registration falls to somewhere Rs 3000 for companies with 1 crore in revenue whereas small businesses with revenue under 1 crore are assessed a fee of Rs. 5000.

What is the benefit of NSIC registration?

NSIC registration allows the company to enjoy the benefits offered under the government schemes, free issuance of the tender sets, waiver of the need to pay an earnest money deposit (EMD), Participating MSEs in the tender who quote prices within the L1+15 percent price band may also supply up to 25% of the requirement by lowering their prices to L1 price, provided that L1 is made up of non-MSEs, etc.

Is an NSIC certificate useful?

Yes, NSIC Certificate helps you in availing different benefits offered by the government under different schemes, under the law, etc.

Is NSIC a MSME?

Under the Ministry of Micro, Small, and Medium Enterprises (MSME), National Small Industries Corporation (NSIC) is a Government of India enterprise certified under ISO 9001:2015. NSIC has been tasked with encouraging, supporting, and growing the nation’s micro, small, and medium-sized businesses. 1 crore in revenue is assessed a fee of Rs. 3000, whilst small businesses with revenue under 1 crore are assessed a fee of Rs. 5000.

What is the purpose of NSIC?

The NSIC was established to advance and grow the nation’s small-scale industries. The Government of India owns the business, which was later converted into a wholly-owned government entity and granted ISO 9001-2015 certification.

What is the validity of NSIC registration?

The NSIC Certificate awarded to MSMEs under Single Point Registration is valid for two years, after which it is renewed. It’s important to remember that the one-year validity of the provisional NSIC certificate awarded to MSMEs with a financial ceiling of INR 5 lakhs begins on the day the certificate is issued.

Nsic Registration in State

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