NSIC Registration | NSIC Schemes

What is NSIC Registration?

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.

Who is Eligible for registration under NSIC Schemes?

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.

OR

➲ 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.

Exemption(s):

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.

Various NSIC Schemes

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.

B. Consortia & Tender Marketing:

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.'

C.Procurement Marketing 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.

D. Performance and Credit Rating Scheme:

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.

E. Bill Discounting Scheme:

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.

F. Credit Facilitation by Banks: 

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.

G: Marketing Intelligence

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.

H: Raw Material Assistance Scheme:

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.

I: Procurement and Marketing Assistance Scheme: 

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.

J. Infomediary Services:

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.

K. Skill Development Service:

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.

Documents Required for NSIC (Single Point Registration Scheme) Registration

➲ 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.

Procedure for NSIC Registration (Single Point Registration Scheme)

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.

Government Fees for Single Point Registration Scheme