NSIC Registration is Nagaland | Fees, Documents, Procedure

Updated on July 06, 2024 06:26:48 PM

acquired by filling out the application form along with documents at the zonal office. There are many benefits of the NSIC Certificate such as Free distribution of NSIC was established in 1955 as an ISO 9000 certified company. Registration in Nagaland aims at fulfilling the machinery and equipment requirements, availability of finance, upgrading technology, and quality consciousness. NSIC Certificate eastenders, No EMD deposit, SSI development, Support in government tenders etc

NSIC Certificate Sample

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What is NSIC?

NSIC is defined as a government corporation that supports the growth of enterprises under MSME. Through loans and other programs, it also actively assists firms to survive in the current market. By providing skill development and training. Additionally, it offers MSME-integrated support services for technology, marketing, and finance.

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The Objective of the NSIC Certificate in Nagaland

NSIC's primary goal is to help and advance Micro, Small, and Medium-Sized Enterprises by providing comprehensive marketing, financial, technological, and supportive services. The main objectives of the NSIC Certificate are mentioned below -

  • By providing a range of services like financial aid, marketing support, technology upgradation, and more, NSIC aims to help or promote small-scale industries.
  • Government of India's Ministry for Small, micro, and medium-sized Businesses.
  • Organisation or Centre that is connected to the occasion, athletic endeavours, athletes, and more. Researchers, journalists, and sports aficionados can access statistics and data from this center.
  • This might be a group or center in charge of preserving the privacy, accuracy, and security of a network or computer system. They may be responsible for putting security measures in place, handling incidents, and monitoring potential cyber threats.
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Process of getting NSIC Certificate in Nagaland

There are specific procedures that must be fulfilled in order to obtain the NSIC Certificate in Nagaland, as listed below:

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Document required for the NSIC Certificate in Nagaland

The following list of documents must be supplied in order to obtain an NSIC Certificate in Nagaland -

  • Documents such as Udyog Aadhar Memorandum Number and PAN are provided which are self-attested.
  • Proof of the ownership of the premises of the business.
  • Performance statement.
  • Director, proprietor, and partner
  • Profit & Loss Account, Balance sheet, Schedule of financial assets, and Schedule of revenue.
  • Audited copy of the latest Balance sheet, Profit & Loss Account, Schedule of Revenue, and Schedule of financial assets
  • a Total number of employees in the organisation.
  • Declaration of the director of the MSE when there is no link with large-scale units.
  • Rent deed or Ownership or Lease Deed.
  • Quality Control Equipment list.
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Validity of the NSIC Certificate in Nagaland

  • The NSIC Certificate has a validity of 2 years for a single-point registration scheme
  • Provisional NSIC having a pecuniary limit of 5 Lakhs has a validity of one year.
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Renewal of the NSIC Certificate in Nagaland

  • Before the expiry of the 6 Months, NSIC Certificate needs to be applied.
  • A 50% discount is given on the renewal before the expiry of the certificate.
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Eligibility of the NSIC Enterprise

Eligible enterprises must possess cutting-edge commercial and technological capabilities in order to provide services to various government departments, including the defence, railroads, PSUs, and central and state government departments. There is certain eligibility as mentioned below -

  • Any MSE having a workshop on lease or of their own is eligible for the registration in NSIC Certificate in Nagaland.
  • Micro Enterprises- Enterprises in Nagaland, with a maximum investment in plant and equipment of Rs. 1 crore and a maximum annual revenue of Rs. 5 crores.
  • Small Enterprises- Enterprises in Nagaland, Uttar Pradesh, with a minimum investment in plant and equipment of Rs. 10 crore and a maximum annual revenue of Rs. 50 crore.
  • Medium Enterprises- Enterprises in Nagaland, Uttar Pradesh, with an investment in plant and equipment up to Rs. 50 crores and a yearly turnover up to Rs. 250 crores.
  • MSE which has not completed one year of commercial production need not be applied for the NSIC Registration.

In order to supply services to various government departments, such as the defence, railroads, PSUs, and central and state government departments, eligible firms must have advanced commercial and technological capabilities.

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NSIC Certificate Fee

In Nagaland, there are various NSIC Certificate fees that must be paid.-

Entity Type Turnover upto 1 Crore Turnover above 1 Crore
Small 5000/- 5000 + 2000 for every additional turnover of 1 Crore
Micro 3000/- 3000 + 1500 for every additional turnover of 1 Crore

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Various Schemes under the NSIC Certificate in Nagaland

There are several various types of NSIC Certificate schemes available in Nagaland, as listed below:

  • Raw Material Assistance scheme:- Raw resources are required to make a final product of high calibre. The expenses of a company's raw materials are a significant portion of its overall manufacturing costs. Raw material subsidies give companies the money they require to produce high-quality goods.
  • Single Point Registration Scheme:- A government or organization's endeavor to create a single point of registration or contact for people, companies, or other entities to use in order to access multiple services, benefits, or resources is referred to as this program. In 1976, the MSME purchased goods from the government.
  • Government scheme implemented by the NSIC :- NSIC has introduced numerous government programs in order to assist SC and ST company owners in India in expanding their current ventures or launching new ones. It seeks to register all current SC and ST business owners and invites any new ones.
  • Consortia and Tender Marketing:- The promotion of goods produced by micro- and small-business operators.
  • Technology improvement - PPP Mode:- By initiating franchisee agreements and arrangements with private companies at various locations across the country, NSICs have created training and incubation centers, or NSIC-TIC, in accordance with the Public-Private Partnership (PPP) concept.
  • Infomediary Services:- The production process is impacted by the management of the company's information. NSIC is useful since all information and data related to it are available through infomediary services.
  • Marketing Intelligence:- By knowing market demand and the present status of the market, market intelligence can be used to forecast potential customers' attitudes, behaviors, preferences, and tastes.
  • Marketing Assistance Scheme:- Support for marketing is crucial for a company's overall growth, especially for MSMEs. Small firms can benefit greatly from modern marketing strategies. The goal of the NSIC marketing support program is to give MSMEs access to marketing resources.
  • Government scheme:- To establish a start-up and assist in the development of the business, several various programs are established.
  • Aspire Scheme:- The Aspire NSIC initiative increases employment opportunities in MSME industries, which helps to reduce unemployment. Its objective is to assist and motivate those who desire to launch their own enterprises.
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The Benefit of the NSIC Certificate in Nagaland

There are many benefits that dynamic industries can get through NSIC Certificate in Nagaland as mentioned below -

  • Facilities of the Loan:- Simple borrowing is very important for small-scale businesses. The NSIC program aims to make it easier for MSMEs to use this service. Small and medium-sized firms can apply for MSME loans at participating private and nationalized banks.
  • Counselling:- Newly established industries require a lot of guidance and direction. The NSIC scheme not only assists with financial obligations but also offers advice on how to pick the best facilities for enterprises.
  • Providing Support Services:- There are certain support services such as marketing, modern technology finance tools, and many others are provided by the NSIC Scheme. By this businesses are promoted on modern lines.
  • Export:- Through NSIC Ltd, MSMEs' products are exported. For the export of MSME products, the government has started the NSIC Single Point Registration Scheme (SPRS). When it comes to government procurement, MSEs with SPURS are free from the EMD (Earnest Money Deposit). EMD is the security deposit that must be paid by the bidder before they can submit a bid.
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Conclusion

NSIC refers to the network of technical offices and centers serving as incubators and training facilities. The NSIC's main goal is to help and support the development of MSMEs. The main purpose of the NSIC is to provide development plans and integrated support services, such as finance, technology, and marketing, to help organisations increase their competitiveness and provide skill development and training.

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Frequently Asked Questions

Define NSIC Certificate.

NSIC Certificate is defined as the mission of NSIC, which was founded in 1955 to support, promote, and foster India's MSME (Micro, Small, and Medium Enterprises) ministry. NISC is a Government of India Enterprise that holds ISO 9001-2015 certification. It is also known as the National Small Industries Corporation.

What is the eligibility to get an NSIC Certificate?

Eligible to get NSIC certificates are Micro and small enterprises under the Single Point Registration Scheme (SPRS).

Why NSIC Certificates are necessary for the MSE?

The NSIC Certificate is necessary for the MSE as they become eligible for various development schemes, the competitiveness of the MSME increases and tremendous growth of the business can be achieved.

Is NSIC a firm?

Yes NSIC is a firm included in Schedule 'B'-Miniratna Category which is owned by the government of India under Farmer's Welfare, Ministry of Agriculture and Farmers Welfare, and administrative control of Department of Agriculture Cooperation.

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