NSIC Registration

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NSIC Registration

 

Overview

National Small Industries Corporation Ltd (NSIC)

The Government of India in order to boost the small scale industries have founded The National Small Industries Corporation Ltd. (NSIC), in 1955. It is an enterprise of Government of India under Ministry of Micro, Small and Medium Enterprises (MSME). The idea to form this corporation is to fulfilthe mission to encourage, support and develop the growth of small-scale industries in the country.It is also known as Mini Ratna Public Sector Undertaking (PSU).

 

The NSIC has wide network of branch offices and technical centres across the country. The corporation provide range of services which includes financial assistance, core training and development. It also offers finance, technology, marketing and support services to all medium small scale industries. The corporation also provide machinery on lease and export marketing assistance.

 

NSIC has proved time by time its strength not only within the country but also in overseas market by encouraging innovation, technology upgradation, increasing the quality value, by establishing link between large and medium enterprises and also by increasingscheme of export products from small-scale enterprises.

Who requires NSIC registration?

To apply for NSIC registration, the applicant shall have to meet these necessary requirements:

 

  • The Micro and Small Enterprise who hold valid Udyog Aadhar Memorandum or EM(Entrepreneurs Memorandum) Part-II can apply for NSIC registration certificate.
  • All the MSMEs who have started their business and have experienced commercial production but have not completed one-year time frame can also apply. These MSME’s will be eligible for a provisional NSIC certificate with a monetary limit of Rs. 5 Lacs and the validity of the certificate is 1 year.

Functions of NSIC        

  • NSIC operates various schemes for MSMEs as to boost their competitiveness and growth.
  • NSIC provides integrated support services to MSMEs in connection to Marketing, Technology, Finance.
  • NSIC offers training and skill development programme to the MSMEs in India.

Schemes of NSIC

The following are the NSIC schemes to provide benefits to MSME’s-

 

Advantages of NSIC registration

NSIC provide numerous benefits to the entities registered under the Single Point Registration Scheme of NSIC and the benefits are-

Let’s try to explain them one by one

 

  • Free of cost Tender allotment

Tender is issued free of cost to all the eligible MSME’s registered with NSIC.

 

  • Exemptionfrom EMD

For the purpose of Tender, the bidder needs to pay the EMD amount but the entities registered with NSIC are exempted from paying the EMD amount.

 

  • Tender Participation Benefits

While participating in tender, if micro and small enterprises bidding price lies within the range of L1 + 15 then they are permitted to supply a portion up to 25% of the requirement by lowering down their quotation to L1.

 

  • Procurement from MSEs

Every Department, Public sector undertaking and Central Ministrieshave to mandatorily need to set an annual goal of at least 25% of the total annual purchase of the products or services of MSEs. Out of this 25% of annual purchase from MSEs, 3% is kept for the entities run by Women entrepreneurs and 4% for units run by Schedule Caste/Scheduled Tribes.

 

  • SSI Sector Development

NSIC has set aside 358 items for purchase exclusively from the SSI sector in order to help them in developing their business.

Documents Required

The entities who opt for NSIC registration under Single Point Registration Scheme have to provide the following documents:

  • Copy of acknowledgement of MSME/SSI Registration
  • Copy of PAN,Udyog Adhaar Memorandum (self-attested)
  • Ownership proof of Plant & Machinery & Tools and Raw Material showing date of purchase & Original Purchase value of individual machinery
  • Performance Statement of the application.
  • Ownership documents of the premises or copy of lease deed (self-attested)
  • Details of Director/Partners/Owner.
  • List of technical personnel employed.
  • Note on Quality control measurement adopted by the firm.
  • List of Quality control equipment and testing facility.
  • Copy of Latest Electricity Bill
  • Audited Balance Sheet and Profit & Loss Account for the last 3 years duly signed by the authorized person.
  • Statement showing the Results of Operation for the last 3 years duly signed by authorized person.
  • Details of financial status of the applicant firm by the report of Banker.

Additional Documents Required from the following:

  1. Partnership Firm:
  • Duly notarized General Power of Attorney in favour of one of the Partners.
  • Partnership Deed.
  • Partners Detail
  1. Limited Liability Partnership
  • Copy of incorporation
  • LLP Agreement
  • Names of partners and changes.
  • Proof of registered offices of the LLP.
  • Statement of Account and Solvency
  • Annual Return
  • General Power of Attorney in favour of one of the designated partners.
  1. Co-operative Society:
  • Certificate of Registration of Societies.
  • Society’s Bye-Laws/Regulations
  • Details of Member including their share-holding.
  • Certificate from Registrar of Societies showing current status of the society.
  • Details of share capital.
  • Details of property owned by the Society including movable and immovable.
  • Copy of the Resolution of Society for seeking registration under Government Purchase Program.
  • Copy of the Resolution in favour of Signatory of the application & documents.
  1. Companies:
  • Certificate of Incorporation.
  • Memorandum and Articles of Association
  • Details of Directors including their shareholding.
  • Copy of Board Resolution in favour of the Signatory of the application and documents

Registration process

The applicant can opt either online registration or offline registration facility as provided by the NSIC.

The following is the guideline for Online Registration Process:

Step 1: Visit NSIC home page

Step 2: Enter your PAN card / Aadhar/GST number/UAM.

Step 3: Fill the Name of firm, application date & all other relevant details.

Step 4: After filing the online application form, the applicant will receive an email in their registered email address, regarding the contact details of NSIC branch selected by the applicant.

Step 5: Contact nearest NSIC branch for further formalities and documentation.

Step 6: Then the investing agency will do the proper verification of the documents provided by the applicant and after satisfaction, they will provide the SPRS Registration Certificate

The Following is the guideline for offline registration process

The entities can submit application form along-with the applicable fee and documents to the nearest Zonal/Branch and Sub Office/Extension office of NSIC.

Validity of NSIC Registration certificate:

The Registration Certificate as granted to the Micro & Small Enterprise under Single Point Registration Scheme (Revised), 2003 is valid only for 2(Two) Years and can be renewed after every two years but only after proper verification by NSIC.

How can we help in getting registration?

When you consult Registration SEVA, you get the following benefits:

  • First Free consultation
  • Complete application preparation that includes collection of documents and final submission
  • End to end solution at each and every step
  • Registration in minimum time
  • Hassle free process
  • 24*7 Customer Support

FAQ

 

1. What do you mean by NSIC?

National Small Industries Corporation Limited (NSIC) is a Mini Ratna (Public Sector Undertaking) established by the Government of India in 1955 for the development of MSME.

2. Who can avail NSIC registration?

The following can apply for registration:

  • The Micro and Small Enterprise who hold valid Udyog Aadhar Memorandum or EM (Entrepreneurs Memorandum) Part-II can apply for NSIC registration certificate.
  • All the MSMEs who have started their business and have experienced commercial production but have not completed one-year time frame can also apply. These MSME’s will be eligible for a provisional NSIC certificate with a monetary limit of Rs. 5 Lacs and the validity of the certificate is 1 year.

3. How much Monetary Limit is fixed in Provisional Registration under SPRS scheme?

The monetary limit is Rs. 5 Lakh fixed in Provisional Registration under SPRS scheme.

4. What the validity period of NSIC Certificate?

The validity period of NSIC certificate is 2 years.

5. What is the difference between NSIC and MSME?

There is a vast difference between NSIC and MSME and they are as follows:

NSIC MSME
NSIC stands for National Small Industries Corporation MSME stands for Micro Small Medium Enterprise
NSIC was established by the Government of India in 1955. MSME was founded in the year 2006 and it is known as Micro, Small and Medium Enterprises Development (MSMED) Act, 2006
The reason to form NSIC is to promote and develop micro and small scale industries and enterprises in the country It focuses  on providing support in the fields of credit, marketing, technology and infrastructure to MSMEs
The validity of NSIC certificate under Single Point Registration Scheme (Revised), 2003 is for 2 years. The validity of the certificate is infinite that means as lond as the unit operates the certificate exist.

6. Can the NSIC Certificate be renewed after 2 years?

Yes, it can be renewed after 2 years. The entities have to apply for the certificate and after proper reviewing of the documents, they will be issued with the NSIC registration certificate.

7. What is the mode for applying the NSIC registration?

The entities can apply either by choosing the Online option or Offline option.

  • If the entities opt for onlineoption – they have to fill the application form by visiting to NSIC website and after that they will be provided via email the contact details of the NSIC branch which they have selected. Then they have to visit the branch office and have to submit the documents and requisite fees as required for registration.
  • If the entities opt for Offlineoption – they have to visit the nearest NSIC branch located in their region and have to submit the requisite documents and fees for the registration.

Note: In both the cases the entities will be issued the registration certificate only after the proper verification of their documents.