NSIC Registration is Odisha | Fees, Documents, Procedure

Updated on January 10, 2025 04:51:28 PM

NSIC Registration is a public sector undertaking which is also known as Mini Ratna Public Sector Undertaking. The validity of the provisional registration is one year and two years for the NSIC Registration in Odisha. There are various schemes under the NSIC like the Single Point Registration System, Credit Facilitation, Technology Exhibitions, and many others aiming at the development and growth of the MSME. There are many benefits of the NSIC Certificate such as exemption from EMD, free-of-cost issues of the tender set, reservation of items for purchase, and many others.

Its range of services includes financial assistance, core training, and incubation. NSIC offers integrated support services under finance, technology, marketing, and support services. The corporation also focuses on providing machinery on hire purchase basis and marketing in exports.

NSIC Certificate Sample

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What is NSIC?

National Small Industries Corporation is defined as government-owned enterprises with the purpose of supporting and growth of small-scale industries aimed at the growth of small-scale industries. NSIC stands for the National Small Industries Corporation Limited.

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The Objective of the NSIC Certificate in Odisha

There are many objectives of the NSIC Certificate which are mentioned below -

  • NSIC seeks to aid or advance small-scale enterprises by offering a variety of services, including financial assistance, marketing assistance, technology advancement, and more.
  • Ministry of Small, Micro, and Medium Enterprises of the Indian Government.
  • A company or facility that is associated with the event, athletes, sports endeavours, and more. This center makes its statistics and data available to researchers, writers, and sports enthusiasts.
  • This could be a department or organization in charge of maintaining the confidentiality, precision, and security of a computer network. They might be in charge of implementing security measures, managing incidents, and keeping an eye on prospective cyber threats.
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Process of getting NSIC Certificate in Odisha

MSMEs must fill out the application form and submit it, along with the necessary paperwork, to the NSIC zonal or branch office that is closest to the unit in order to obtain the NSIC certificate as per specific procedures mentioned below:

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Document required for the NSIC Certificate in Odisha

In Odisha, the following list of documents must be provided in order to receive an NSIC Certificate:

  • Self-attested Udyog Adhaar Memorandum number and PAN Copy.
  • Electricity bill of the month.
  • List of the quality control equipment.
  • Copy of the Certificate from proprietor, director, and partner whether or not they have any large-scale unit.
  • Electricity Bill
  • Ownership of the plant & machinery, equipment, raw materials, and tools.
  • Giving details about the financial status in the Banker Report.
  • Ownership of the business premises’ Documents.
  • Schedule of Revenue, Balance sheet, Profit & Loss Account, and Schedule of financial assets,
  • Declaration.
  • Showing the results of the business's operations over the last three years.
  • Premise’s document of the ownership or rent deed or lease deed.
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Validity of the NSIC Certificate in Odisha

The validity of the NSIC Certificate in Odisha is 2 years and the validity for the provisional certificate is one year.

  • Under Single Point Registration Provisional Registration Certificate is granted after one year from the beginning of the business with a monetary limit of 5 lakhs.
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Renewal of the NSIC Certificate in Odisha

  • A 50% reduction is provided on the MSME Renewal charge, which is dependent on net sales volume.
  • It must be completed two years prior to the end of the 6-month renewal period.
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Eligibility of the NSIC Enterprise

The following are the requirements for eligibility for the NSIC Certificate in Odisha as mentioned below -

  • One year is completed from the commencement of the business.
  • Having an MSME Certificate.
  • Small Enterprises- Having investment in Plant and Machinery up to 50 crores.
  • Medium Enterprises- Having investment in Plant & Machinery up to 25 Lakhs.
  • Micro Enterprises- Having investment in Plant & Machinery is 5 Crores.

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

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NSIC Certificate Fee

For the NSIC Certificate in Odisha, different fees are paid for different types of entity types-

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

Note: The aformentioned Fees is exclusive of GST.

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Various Schemes under the NSIC Certificate in Odisha

In Odisha, NSIC Certificate offers a number of different programs, including the following:-

  • 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.
  • Bank Credit Facilitation:- NSIC collaborates with a number of top public and private banks in India to help MSMEs with the documentation process and to meet their capital and financial needs.
  • Consortia and Tender Marketing:- The promotion of goods produced by micro- and small-business operators.
  • Technology Incubation:- 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.
  • 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.
  • Government scheme:- To establish a start-up and assist in the development of the business, several various programs are established.
  • Support to Procurement Marketing:- Through NSIC Registration, MSME and SSI can gain marketing benefits, such as products and supplies. For procurement-related operations, there are provided government incentives and marketing initiatives.
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The Benefit of the NSIC Certificate in Odisha

NSIC Registration in Odisha is dedicated to supporting small and medium-sized businesses (SMEs) at home and fostering their expansion, aiding in business expansion. There are some of the advantages of an NSIC Certificate in Odisha as mentioned below -

  • The overall progress of MSME:- The sector will expand if each central department, ministry, and PSU sets a minimum annual goal of 25% of the goods and services produced and provided by the MSME.
  • Quota is reserved:- 3% of the procurement from MSME is run by women enterprises, 4% of the unit is run by the scheduled tribe or scheduled caste out of the 25% of the procurement reserved for the MSME.
  • Development of the SSI:- In NSIC There are 358 items reserved for the purchase from the SSI for the development of the sector.
  • In government, tender assistance is given:- Participating MSEs who have quoted prices in the L1+15 percent price range in a tender are additionally permitted to supply up to 25% of the required quantity by lowering their prices to L1 Prices, where L1 is a non-MSE.
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Conclusion

The National Small Industries Corporation (NSIC), referred to as Mini Ratna PSU, was founded to promote the growth of smaller businesses. The NSIC Registration is good for a period of one to five years. The NSIC has launched a number of specific programs, including marketing assistance, credit rating programs for medium-sized businesses, government procurement, and performance. Several advantages of NSIC Registration include Free allocation of tender sets, exemption from EMD, growth of small-scale industries, fair tender allocations, the benefit of the reserved quota, and overall MSME advancement

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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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NSIC Registration in Other States

NSIC Registration in Andhra PradeshNSIC Registration in AssamNSIC Registration in BiharNSIC Registration in ChandigarhNSIC Registration in Chhattisgarh
NSIC Registration in GhaziabadNSIC Registration in GujaratNSIC Registration in GurgaonNSIC Registration in HaryanaNSIC Registration in Himachal Pradesh
NSIC Registration in Jammu and KashmirNSIC Registration in JharkhandNSIC Registration in KeralaNSIC Registration in LadakhNSIC Registration in Lakshadweep
NSIC Registration in MeghalayaNSIC Registration in MizoramNSIC Registration in NagalandNSIC Registration in NoidaNSIC Registration in Puducherry
NSIC Registration in PunjabNSIC Registration in SikkimNSIC Registration in TelanganaNSIC Registration in TripuraNSIC Registration in Uttar Pradesh
NSIC Registration in West Bengal