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
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.
There are many objectives of the NSIC Certificate which are mentioned below -
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:
In Odisha, the following list of documents must be provided in order to receive an NSIC Certificate:
The validity of the NSIC Certificate in Odisha is 2 years and the validity for the provisional certificate is one year.
The following are the requirements for eligibility for the NSIC Certificate in Odisha as mentioned below -
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.
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.
In Odisha, NSIC Certificate offers a number of different programs, including the following:-
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 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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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.
Eligible to get NSIC certificates are Micro and small enterprises under the Single Point Registration Scheme (SPRS).
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.
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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