Updated on October 22, 2024 11:15:19 AM
NSIC (National Small Industries Corporation) is a government initiative to facilitate ease of doing business and to support MSMEs. NSIC operates pan India through its network of offices and technical centers, it has also set up a training cum incubation center managed by professionals to support MSMEs in their growth.
NSIC facilitates Micro, Small, and Medium Enterprises with specially designed schemes to enhance their growth and development, they also provide integrated support services like Marketing, Finance, and other services. NSIC acts as a facilitator for MSMEs and supports them in their marketing for domestic and foreign markets.
NSIC stands for National Small Industries Corporation, primarily assisting and promoting MSMEs with their integrated support services. It was established in the year 1955. They provide a single point Registration scheme(SPRS) for MSMEs to participate in government procurement, it gives access to government tenders, benefits, and discounts.
NSIC offers registration under a single point registration scheme (SPRS), which allows Micro and Small Enterprises(MSEs) to participate in government purchases. This allows the vendors to provide their goods and services to the government agencies. To register yourself, you need to complete an online application process and submit the required documents, consisting of proof of business entity, financial documents, and more. The unit listed under SPRS is eligible to get benefits under the public procurement policy for Micro and Small Enterprises order 2012, notified by the government of India, the Ministry of Micro Small and Medium Enterprises.
The two major benefits of this scheme that the MSE can avail are
Micro and Small enterprises (MSEs) must have a Udyog Aadhar Registration Number (UAM).This is mandatory for them to get, and only then can they avail of all the facilities by SPRS. The major benefits include.
Before starting the renewal process, ensure your business meets the eligibility criteria for NSIC registration. This typically includes being classified as a micro, small, or medium-sized enterprise (MSME) based on investment in plant and machinery or equipment.
You'll need to provide certain documents with your renewal application. These may include:
Before starting the renewal process, ensure your business meets the eligibility criteria for NSIC registration. This typically includes being classified as a micro, small, or medium-sized enterprise (MSME) based on investment in plant and machinery or equipment.
You'll need to provide certain documents with your renewal application. These may include:
You can obtain the NSIC renewal application form from the NSIC branch office or download it from the official NSIC website. Fill out the form carefully and accurately, providing all required information about your business.
The NSIC renewal fee varies based on the type of enterprise (micro, small, or medium). You can pay the fee online through the NSIC website or at the NSIC branch office.
Once the form is complete and the fee is paid, submit the renewal application along with the required documents to the NSIC branch office. Ensure all documents are self-attested by the proprietor/partner/authorized person.
After submitting your application, an NSIC representative will verify the details and documents. They may visit your business premises to ensure it is in operation.
If everything is in order, the NSIC will issue the renewal certificate. The certificate will be valid for a specific period (typically two years), after which it must be renewed again.
Important Note:
The NSIC renewal process and required documents may vary slightly depending on the state and the specific NSIC branch. It's a good idea to check with your local NSIC office for the most accurate and up-to-date information. Remember, timely renewal of your NSIC certificate is crucial to continue availing the benefits provided to MSMEs by the government
Remember, timely renewal of your NSIC certificate is crucial to continue availing the benefits provided to MSMEs by the government
Note: The MSEs engaged in the following activities are not eligible for registration under the Single Point Registration Scheme:-
offense.
The submission of the online form requires the submission of the Single Point Registration Certificate to the MSE. Those MSEs having valid documents and have passed the third party inspection, clearing with all the fees/dues are eligible for issue of the Single Point Registration Certificate.
Check the Amendments, like changes in the name of the company, changes in office address, changes in the partner/director, changes in the factory address of the company, etc. Go through the Amendments Checklist.
The following are the documents required for the renewal of the Single Point Registration Certificate:-
| Entity Type | Turnover up to Rs. 100 Lakhs | Turnover above Rs. 100 Lakh |
|---|---|---|
| Micro | Rs. 3000 | Rs. 3000/- plus Rs.1500/- for every additional turnover of Rs. 100 lakhs. |
| Small | Rs. 5000 | Rs.5000/- plus Rs. 2000/- for every additional turnover of Rs. 100 lakhs. |
The registration fee mentioned in the table is exclusive of the inspection charges levied by the inspecting agency. The units located in the North-western region will be given a 20% concession in fee(no changes in the fee for Technical inspections of MSEs).
The NSIC offers a wide range of benefits for micro, small, and medium-sized enterprises (MSMEs) in India. By obtaining this certification, businesses can gain a competitive edge in the market, increase their credibility, and access government tenders and schemes exclusively available to NSIC-registered units. The registration process is straightforward and can be completed online, making it easily accessible to MSMEs across the country. With the Indian government's ongoing support for the MSME sector, NSIC registration is a valuable asset for any business looking to grow and succeed in this dynamic market. By understanding the eligibility criteria, application process, and advantages of NSIC registration, MSMEs can take the first step towards unlocking their full potential and contributing to India's economic growth.
At Professional Utilities, we leverage our industry knowledge and expertise to help businesses navigate complex regulations, minimize risks, and optimize operations for maximum efficiency and profitability.
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NSIC offers a range of tailored schemes to enhance the competitiveness of micro, small, and medium-sized enterprises. The organization provides integrated support services for marketing, technology, finance, and other areas.
The validity of the certificate is two years from the date of issue and can be renewed after every two years thereafter.
Exemption from payments of Earnest Money Deposit(EMD), the MSEs participating in tender quotes price within a price band of L1+15 percent shall also be allowed to supply a portion up to 20 percent of requirement by bringing down their price to L1 price where L1 is non MSEs.
The difference between MSME and NSIC registration is that MSME registration is a government scheme, that provides various benefits to the SMEs, while NSIC registration is mainly for businesses that want to avail themselves of the services offered by NSIC.
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