ISBN Registration Original price was: 6,299.00 ₹.Current price is: 4,599.00 ₹.
Back to products
RERA
Sale

NSIC

Benefits of NSIC Registration

  1. Free Tender Allotment: Eligible MSMEs can secure tender allotments at no cost.
  2. No Earnest Money Deposit (EMD): MSMEs registered with NSIC are exempt from paying EMD, which is typically required to demonstrate commitment in bidding.
  3. Support for Small Scale Industries (SSIs): NSIC has earmarked 358 items specifically for procurement from SSIs to boost this sector.
  4. Assistance in Government Tenders: MSMEs can bid on tenders within the price cap of L1 + 15%, allowing them to fulfill up to 20% of the demand by lowering their prices to L1.
  5. Reserved Quota: Of the total annual supply requirements from MSMEs, 4% is reserved for units owned by Scheduled Castes (SC) and Scheduled Tribes (ST).
  6. Comprehensive Support: NSIC offers a range of interconnected assistance services, focusing on marketing, technology, finance, and other critical support areas for MSMEs.

Original price was: 18,999.00 ₹.Current price is: 16,999.00 ₹.

Required Documents
  1. Investment Proof: Document showing the investment in plant and machinery.
  2. MSME Certificate: Valid MSME registration certificate.
  3. Proof of Business Operations: Documentation verifying at least one year of business commencement.
  4. Identity Proof: Valid ID of the business owner
Services

 NSIC registration
[Government fee extra]

Description

1. Full Form of NSIC
The acronym NSIC stands for National Small Industries Corporation.

2. Overview of NSIC
Established by the Government of India in 1955, NSIC is a renowned Mini Ratna Public Sector Undertaking (PSU) that holds an ISO 9001:2015 certification. The primary objective of NSIC is to support small and medium enterprises (SMEs) in post-independence India by acting as an intermediary. It facilitates various developmental schemes that empower small-scale industries (SSI) to enhance their growth and competitiveness.

3. Functions of NSIC

  • Developmental Schemes: NSIC implements several schemes designed to boost the competitiveness of Micro, Small, and Medium Enterprises (MSMEs).
  • Integrated Support Services: Offers comprehensive support in areas such as marketing, technology, and finance.
  • Training and Skill Development: Provides skill enhancement programs to MSMEs across India.

Eligibility Criteria for NSIC Registration

To qualify for NSIC registration under the Single Point Registration Scheme (SPRS), business enterprises must meet the following criteria:

  1. Micro Enterprises: Investment in plant and machinery should not exceed INR 25 lakhs (or INR 10 lakhs for the service sector).

    OR

    Small Enterprises: Investment in plant and machinery should not exceed INR 5 Crore (or INR 2 Crore for the service sector).

  2. MSME Certificate: Applicants must hold a valid MSME certificate.
  3. Business Experience: A minimum of one year of business operation is required.

    Exemption: Micro and small enterprises that have not completed one year can still obtain a Provisional Registration Certificate under the SPRS, with a limit of INR 5 lakhs.

Validity of NSIC Registration

  • The NSIC registration is valid for two years and requires renewal upon verification of the registered MSMEs’ Commercial and Technical Competence (CTC).
  • Provisional NSIC Registration is valid for one year from the issuance date, subject to the payment of the registration fee and submission of necessary documents.

Documents Required for NSIC Registration

To register for NSIC, applicants must provide the following documents:

  1. Investment Proof: Document showing the investment in plant and machinery.
  2. MSME Certificate: Valid MSME registration certificate.
  3. Proof of Business Operations: Documentation verifying at least one year of business commencement.
  4. Identity Proof: Valid ID of the business owner.