NSIC stands for National Small Industries Corporation. It is a Govt. of India enterprise with the aim of helping small and micro-entrepreneurs to flourish in business activities. NSIC operates through a countrywide network of offices and aims to promote and foster the growth of MSME’s enterprises in India through offering integrated marketing, technology, finance and other services
NSIC provides its support to the promising enterprises in
1. Procurement of Raw Materials
2. Financial support through various schemes
3. Marketing Support
4. Warehousing Facilities
5. Incubation Centres
6. Technological Assistance
7. Any Enterprises that have a valid MSME registration or UDHYOG Aadhaar is eligible to apply for NSIC registration.
The most prevalent NSIC Registration is known as the ‘single point registration scheme’. The certificate of registration granted by NSIC is valid for two years and is renewed after inspection of the commercial and technical functionalities of the entity. Single Point Registration Scheme is one of the various schemes launched by the NSIC in order to facilitate the business and growth of medium and small enterprises in India.
Any Business enterprise fulfilling the following conditions is eligible for registration under the NSIC Single Point Registration Scheme (SPRS).
➲ A Micro Enterprises with an investment of up to INR 25 lakhs (In-service sector up to INR 10 Lakhs) in plant & machinery.
➲ All Small Enterprises with an investment of up to INR 5 Crore (In-service sector up to INR 2 crores) plant & machinery is up
➲ Has a Valid MSME Certificate or Udyog Aadhar Certificate.
➲ Has completed at least one-year post commencement of business.
Subject to a monetary limit of INR 5 Lakhs, A Micro, Small or Medium Enterprise may be granted a Provisional Registration Certificate under the Single Point Registration scheme if it has not which has not completed one year of business commencement.
Validity of NSIC Registration
NSIC registration shall be valid for 2 Years. it shall be liable for renewal every 2 years after verification of Commercial and Technical Competence (CTC) of the registered MSEs.
Note: Provisional NSIC Registration is valid for 1 year from the date issuance of NSIC Registration.
A. Single Point Registration Scheme:
The Government is the single largest retailer of a range of products. In order to increase the share of purchases from the small-scale market, the Government Stores Purchasing Program was introduced in 1955-56. NSIC registers Micro & Small Enterprises (MSEs) under the Single Point Registration Scheme (SPRS) for involvement in government procurement. Benefits and Procedur for Registration for SPRS is mentioned in the following section of this page.
Promotion of the Micro and Small Entrepreneurs company is one of the Corporation's key objectives. In the current competitive environment, the need has been felt to make it easier for Micro and Small Enterprises to sell their goods/services individually or collectively through the 'Consortium.' The scheme for marketing the goods of MSEs was then reviewed in 2011 and called 'Consortia and Tender Promotion Scheme.'
Marketing, a strategic method for business development, is essential to the growth and sustainability of small and medium-sized enterprises. Due to lack of knowledge, shortage of capital and unorganized means of selling / marketing, the MSME sector often faces difficulties in finding new markets and maintaining existing ones. In view of these realities, the Procurement and Marketing Support Scheme has been implemented to improve the marketability of goods and services in the MSME sector.
This scheme seeks to create independent and trustworthy opinions of third parties on the capabilities and creditworthiness of MSEs. This allows the availability of credit at competitive interest rates and also ensures greater productivity. Under this arrangement, a proportion of the fees of the rating agency shall be reimbursed by the Ministry of SSI as per the MSEs Turnover.
This scheme would cover the discounting of bills resulting from legitimate commercial transactions, i.e. supplies rendered by MSMEs or Micro, Small and Medium Enterprises to reputed Public Limited Companies / State and Central Government. Departments / Firms / Private Limited Firms (not traders) engaged in manufacturing / service operations.
NSIC has entered into an Agreement with a number of nationalized and private sector banks in order to meet the credit requirements of MSME units. This allows MSME's access through a syndication with banks to the credit aid (fund-driven or non-fund-driven limit). NSIC supports small and medium-sized companies in preparing paperwork for submitting bank applications and providing tracking of banks. This handholding help is provided to MSMEs by the NSIC at no cost.
Marketing Intelligence Cell acquires and analyzes information to understand both existing and potential consumers, to identify current and future needs and desires, perceptions and actions of the market, and to determine developments in the business climate that may influence the size and complexity of the market in the future. This aims to expand the business horizons of MYMEs in India through the Marketing Intelligence Web Portal.
Potential beneficiaries will be small and medium-sized companies pursuing business partnership and co-production opportunities, joint ventures, exporters and importers, and others pursuing technology transfer.
Raw Material Assistance Scheme aims to support MSMEs by way of financing the purchase of Raw Material both indigenous & imported products. This provides an opportunity to MSMEs to focus better on manufacturing quality products.
Marketing is necessary for the development of business and is essential for the growth and survival of micro, small & medium enterprises as well. Large scale enterprises have enough resources to hire manpower and to take care of the marketing of their products and services. MSME sector does not have these resources and hence requires institutional support for providing these inputs in the area of marketing. Ministry of MSME along with NSIC, has been providing marketing support to Micro & Small Enterprises (MSEs) under Marketing Assistance Scheme.
Infomediary Resources Information is becoming almost as important today as the air we breathe. Every minute of our working lives, we need it. With increased competition and a melting away of international boundaries, the market for information is hitting new heights. In order to meet the needs of small and medium-sized enterprises, NSIC provides Infomediary Services, a one-stop, one-window package of aids that will provide information on industry, technology and finance, as well as the core competence of Indian small and medium-sized enterprises. The company provides Infomediary Services through its MSME Global Mart www.msmemart.com, a web portal that is compliant with Business to Business (B2B). Services are made available by annual membership.
NSIC provides technical support to small and medium-sized enterprises through the NSIC Technical Services Centers (NTSC) and a number of ICTs and LBIs spread across the country. The range of professional services offered through these centres includes the production of skills in Hi-Tech, as well as traditional trades, material and product testing in our NABL / BIS, certified testing laboratories, specific facilities, energy audits, environmental protection, etc.
➲ Udyog Aadhar / MSME registration certificate
➲ Copy of PAN of the firm and principal owner
➲ Copy of lease deed, Rent Agreement or any other proof of occupancy.
➲ Declaration from the owner/Proprietor/Director declaring that there exists no connection with a large-scale unit and their firm.
➲ List of Items for which NSIC registration is required.
➲ Partnership Deed or Memorandum and Articles of Association / COI, as applicable
➲ Details of fixed assets like Plant & Machinery
➲ Details of the purchase price of raw materials
➲ Details of Raw Material & Finished goods in stock.
➲ Financial Statements (Audited Balance Sheet, P&L account and Trading Account) for the last 3 years duly signed by an authorized Chartered Accountant.
➲ Bankers’ Report in Performa “F’, stating the details of the financial status of the applicant firm.
➲ Annual Performance Statement
➲ List of employees involved in technical operations of production and services.
STEP 1: The application for NSIC Registration is to be submitted at one of the NSIC offices along with mandatory attachments/documents.
STEP 2: Post submission of application for registration, the NSIC office endorses the application to the respective zonal branch for technical inspection and scrutiny of the unit.
STEP 3:The zonal branch then sends its inspection report regarding the unit to the NSIC.
STEP 4: NSIC grants or rejects the application on the basis of the inspection report received from the Zonal Branch.
STEP 5: The NSIC Registration Certificate granted is liable for renewal after the expiry of 2 Years from the date of issuance of the Certificate.
(a) Turnover up-to Rs. 1 Crores
1) For Micro Enterprises: Rs. 3000/-
2) For Small Enterprises: Rs. 5000/-
b) Turnover exceeding Rs. 1 Crore
1) For Micro Enterprises:
Rs. 3000/- plus Rs. 1500/- for every additional turnover of Rs. 100 Lakh
2) For Small Enterprises :
Rs. 5000/- plus Rs. 2000/- for every additional turnover of Rs. 100 Lakh
Subject to a maximum fees of Rs. 1 lac for all categories.
Call or WhatsApp us on +91-99991-39391 for free consultation from our team of experts. You can also email us on email@example.com.
We share the detailed and reasonable estimated costs, documents and prerequisites for the complete process before starting the process to ensure transparency.
Our team warrants hassle free documentation. We collect the necessary documents and share the relevant drafts to ensure a timely filing and delivery.
Upon collecting the necessary documents and information, we waste no time in preparation and filing of your application. development on your application is brought to your attention.
On successful completion of the case we share all the relevant documents electronically and physically along with an assurance to pay you back if something is wrong.
Registration for PF is compulsory for the companies / Organizations who employ 20 or more individuals. Also, a small organization that does not have the maximum Strength can register them voluntarily. The organization which grows to strength of 20 membersRead More
All the business which are operating in the market and want to get a legal existence and want avail benefits under MSME scheme can get register themselves under Micro, small and medium enterprise development act 2006 and as per government enacted act MicrRead More
In 2017 parliament if India has passed the Goods and Service Tax act (GST act) and this act came into effect from 1st July 2017. It’s an indirect tax which replaced many other prevailing indirect taxes in India. It is all in one tax which includes a vRead More
Startup means an entity, incorporated and registered in India which fulfils the following: Is any of the following Private Limited Company Public Limited Company Limited Liability Partnership Partnership Firm The annual turnover of the applicant sRead More
RNI stands for the Registrar of Newspapers of India. RNI registration is a mandatory requirement to start a business of newspapers, magazines or journals in India. In India all the publishing industry is governed under the press and books registration actRead More
In India, the real estate sector plays an important role in meeting the housing and infrastructure growth needs and demands. Although this sector has developed rapidly in recent years, it has been largely unregulated, given the absence of professionalismRead More
An autonomous body created by the law under the Ministry of Labour and Employment, Government of India is known as Employee State Insurance Corporation. This scheme is started for Indian workers. The workers get a huge variety of medical, monetary and othRead More
NSIC stands for National Small Industries Corporation. It is a Govt. of India enterprise with the aim of helping small and micro-entrepreneurs to flourish in business activities. NSIC operates through a countrywide network of offices and aims to promote aRead More
No person shall begin or carry on the export business of any spice, unless it has obtained registration under Spice board for making such export. The Spices Board is the regulatory and export promotion body for Indian spices under the Indian governmentRead More
Under Ayushman Bharat or National Health Protection Scheme, every qualifying family will receive an annual rs.5 lakh insurance premium Benefits under this scheme are not exclusive to any hospital or branch in question. The patient will benefit from anyRead More
The Legal Metrology Directorate is a separate government department of the Ministry of Consumer Affairs, Food and Public Distribution. Legal Metrology is responsible for the standards and regulations relating to measurements and weights of measuring instrRead More
A Free Sale Certificate (“FSC”) is a certificate issued by the national regulatory authority of the exporting country on the basis of national legislation stating that the product is freely available in the country but without any confirmationRead More
MSME udyog aadhar registration has been replaced by Udyam Registration with effect from 1st of July 2020 as per the notification dated 26th of May 2020. The Ministry of Micro small and medium enterprises notified certain criteria for classifyingRead More
Pursuant to the amendments in the 1975 Professional Tax Act , a person (natural / legal) registered under the MGST Act is liable to register for Professional Tax Enrollment Certificate (PT-EC) and pay Rs.2500 annually. Furthermore, if the business has anyRead More
PSARA License is a prerequisite before any person in India starts a private security company. The Private Security Agency is an entity involved in providing security guards and other related services as an alternate to the police at an establishment. TheRead More
Registration and regulation of clinical establishments are provided for in the Clinical Establishments Act. Health facilities throughout the country with a view to prescribing essential care Minimum criteria for special kinds of facilities and servicesRead More
Pursuant to the 1948 Factory Act, it is compulsory for each factory owner to register their premises with local authorities before starting a business. Factory License acts as an approval document provided by authorities to carry out manufacturingRead More
Bespoke advisory focused on mission critical legal, financial and business aspects.
Uniquely repurpose strategic core competencies with progressive content. Assertively transition ethical imperatives and collaborative manufactured products.Write About Us
Professional and trusted service, my company needed certification from the state excise in the State of Telangana and CORPZo were so professional in their approach, be it filing of part 3 and 4 of MSME or application process with the state exice that it made my life easy.
Will always look to a team which is knowledgeable particularly when it comes to the field of alternative medicine. I had spoken to many including the government offices but was confused how to proceed with setting up of my pharma unit, CORPZo had the right professional guidance available.
They believe in transparency in business and give high regard to Customer Satisfaction. Love to work with them and Highly Recommended
I needed to apply for business related registration and receive some certificates. Their service is very professional. I researched in the market and found that they are very cost effective, so initially I was a bit doubtful, but, for my surprise, they are better than some of the big house.
Awesome and excellent services provided to me. Great and polite gestures with full professional behavior . Have got my company incorporated by corpzo. It was done within a week and have been using their accounting services ever since. They have been a real boost to my business.
© 2023 Corpzo Ventures Private Limited.