NSIC (National Small Industries Corporation) registration is a certification program for small and medium-sized enterprises (SMEs) in India. It is a voluntary registration scheme that provides benefits and support to SMEs, including:
- Government tenders: NSIC-registered SMEs get preference in government tenders and procurements.
- Credit facilities:Registered SMEs can access credit facilities from banks and financial institutions at favorable terms.
- Technology upgradation: NSIC provides assistance for technology upgradation and modernization.
- Marketing support:NSIC offers marketing support and assistance for export promotion.
- Training and development:Registered SMEs can access training and development programs for entrepreneurship and skill development.
- Subsidies and incentives:: NSIC-registered SMEs are eligible for subsidies and incentives under various government schemes.
NSIC (National Small Industries Corporation) is a government-owned organization that provides support and services to small and medium-sized enterprises (SMEs) in India. NSIC's main objectives are:
- Promoting SMEs: NSIC promotes SMEs by providing them with necessary support and services.
- Technology Upgradation:NSIC assists SMEs in technology upgradation and modernization.
- Marketing Support: NSIC provides marketing support and assistance for export promotion.
- Credit Facilities:NSIC facilitates credit facilities for SMEs.
- Training and development:NSIC conducts training and development programs for entrepreneurship and skill development.
- Infrastructure Development:NSIC develops infrastructure facilities for SMEs.
- Export Promotion:NSIC assists SMEs in export promotion and market development.
- Government Tender Participation:NSIC facilitates SMEs' participation in government tenders and procurements.
- Quality Certification:NSIC assists SMEs in obtaining quality certification..
- Innovation and R&D: NSIC supports innovation and R&D activities in SMEs.
- NSIC provides various services, including:
- Registration and Certification
- Technology and Quality Upgradation
- Marketing and Export Promotion
- Credit and Finance
- Training and Development
- Infrastructure and Incubation
- Government Tender Participation
- Quality Certification and Compliance
To be eligible for NSIC registration, an enterprise must meet the following criteria:
- Be a small or medium-sized enterprise as defined by the MSMED Act, 2006.
- Have a valid Udyog Aadhaar Memorandum (UAM) or Small-Scale Industry (SSI) registration.
- Have a minimum turnover of ₹25 lakh (₹2.5 million) for services and ₹50 lakh (₹5 million) for manufacturing.
- Issue of the tender sets free of cost:Issue of the tender sets free of cost- In addition to the above ,358 items are also reserved for exclusive purchase from SSI sector
- Enable the allotment of tenders free of the cost:The key benefits of NSIC registration is that it authorize the allotment of tenders free of cost to permitted MSMEs.
- Government Tender Participation:NSIC registered companies can participate in government tenders and procurements.
- Credit Facilities:Easy access to credit facilities from banks and financial institutions.
- Technology Upgradation:Assistance for technology upgradation and modernization.
- Marketing Support:Marketing support and assistance for export promotion.
- Training and Development: Training and development programs for entrepreneurship and skill development.
- Subsidies and Incentives:Eligibility for subsidies and incentives under various government schemes.
- Raw Material Assistance:Assistance for procurement of raw materials.
- Quality Certification: Assistance for obtaining quality certification.
- Export Promotion:Assistance for export promotion and market development.
- Government Schemes:Eligibility for various government schemes and programs.
- Reduced Interest Rates:Reduced interest rates on loans and credit facilities.
- Collateral Free Loans:Collateral-free loans and credit facilities.
- Increased Credibility: Increased credibility and reputation in the market.
- Access to Government Schemes:Access to various government schemes and programs.
- Support for Innovation:Support for innovation and R&D activities.
- Priority in Government Schemes:Priority in government schemes and programs.
- Assistance in Patent Registration:Assistance in patent registration and intellectual property rights.
- Assistance in International Trade Fairs:Assistance in participating in international trade fairs and exhibitions.
- Access to NSIC Incubation Center: Access to NSIC incubation center and infrastructure facilities.
- Support for Entrepreneurship Development:Support for entrepreneurship development and capacity building.
To register for NSIC (National Small Industries Corporation), the following documents are required:
- PAN card
- Udhyam registration
- Complete details of plant and machinery installed such as date or purchase, the value of assets, depreciation, date of purchase tec.
- Partnership deed and FORM A, in case of partnership firm
- MOA & AOA and certificate of incorporation, In case of company
- LLP agreement and certificate of incorporation in case of LLP
- Self-attested ownership documents like light bill, water bill, municipal bill, property index etc
- Bank report describing the financial position of the business.
- Complete list of raw material, work-in progress and finished goods along with their quantity and value.
- Audited financial statements for the preceding year
- BIS (bureau of Indian standards) licence, if applicable
- Declaration from the director/partner/proprietor declaring no connection with any large-scale units.
- ISO 9000 (optional requirement)
- Details about quality control equipment installed in the factory.
- Details of manpower in the manufacturing department.
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- Check Eligibility:Ensure your enterprise meets the eligibility criteria for NSIC registration.
- Gather Documents:Collect required documents, including:
- Udyog Aadhaar Memorandum (UAM) or Small- Scale Industry (SSI) registration
- PAN card
- GSTIN
- Address proof
- Identity proof
- Business registration documents
- Turnover documents
- Bank statement
- Fill Online Application Form:Submit the application form on the NSIC website, including:
- Business information
- Owner/director details
- Turnover information
- Upload Documents:Upload the required documents in the prescribed format.
- Pay Registration Fee:Pay the registration fee online through credit/debit card or net banking.
- Submit Application:Submit the application form and uploaded documents.
- Verification and Processing:NSIC will verify the application and documents, processing may take 15-30 days.
- Receive NSIC Certificate:If approved, receive the NSIC registration certificate
- Renewal:Renewal is required every 5 years.
Additionally, you can also register through:
- NSIC Office:Visit the nearest NSIC office and submit the application form and documents.
- NSIC Empaneled Agencies:Register through NSIC empaneled agencies, such as banks, financial institutions, or business associations.
Q.What is NSIC registration?
ANS.NSIC (National Small Industries Corporation) registration is a certification program for small and medium-sized enterprises (SMEs) in India.
Q.Who is eligible for NSIC registration?
ANS.SMEs engaged in manufacturing or services, with a valid Udyog Aadhaar Memorandum (UAM) or Small -Scale Industry (SSI) registration.
Q.What are the benefits of NSIC registration?
ANS.Benefits include:
- Preference in government tenders
- Credit facilities from banks and financial institutions
- Technology upgradation and modernization assistance
- Marketing support and export promotion
- Training and development programs
Q.What documents are required for NSIC registration?
ANS.Required documents include:
- Udyog Aadhaar Memorandum (UAM) or SSI registration
- PAN card
- GSTIN
- Marketing support and export promotion
- Identity proof
- Business registration documents
- Turnover documents
- Bank statement
Q.How do I apply for NSIC registration?
ANS.Apply online through the NSIC website or offline through an NSIC office.
Q.What is the validity of NSIC registration?
ANS.NSIC registration is valid for 5 years.
Q.Can I renew my NSIC registration?
ANS.Yes, renewal is possible before the expiry of the current registration.
Q.What is the fee for NSIC registration?
ANS.The fee varies depending on the type of enterprise and turnover.
Q.How long does it take to get NSIC registration?
ANS.Registration is typically processed within 15-30 days.
Q.Can I cancel my NSIC registration?
ANS.-Yes, cancellation is possible, but may have implications for ongoing benefits and schemes
