NSIC registration
NSIC is an abbreviation for National Small Industries Corporation. This entity comes under the Micro, Small and Medium Enterprises. contact UsNSIC registration- An Overview
To strengthen the stance of Micro, Small and Medium Enterprises (MSMEs), the government brought out the system for registration under the NSIC. NSIC stands for National Small Industries Corporations. Any MSME that register’s under this scheme would receive the benefits allied to government purchases. Any MSME which is registered under this system should consider the Single Point Registration System (SPRS). Through this system, different benefits can be availed by the MSME. An official order brought out this system of Single Point Registration under the Public Procurement Policy for Micro & Small Enterprises (MSEs) Order 2012. Through this scheme, MSMEs can avail different forms of government benefits and foster growth and development in different sectors. There are different forms of schemes under the system of NSIC. These schemes would include the Single Point Registration System, the Credit Rating Scheme, and Marketing Schemes. All MSMEs which register with the NSIC would secure the benefits of all the available schemes.Development of NSIC registration
NSIC was established in the year 1955 as a form of Public Sector Undertaking. The NSIC is prominently known as a Mini Ratna Public Sector Undertaking. This NSIC is an ISO 9001-2015 government-certified undertaking which has some form of quality standards. With the view of uplifting the MSME sector, this institute was established. NSIC promotes credit facilitation for MSMEs.Objectives of NSIC Registration
The following are the objectives of NSIC registration:
Benefits of NSIC Registration
MSME and Small Scale Industries can avail different forms of benefits through NSIC registration:
Eligibility Criteria for NSIC registration
The following criterion has to be satisfied with NSIC registration:
Schemes under NSIC
Different schemes are introduced under the NSIC. The following are the schemes that are beneficial for MSME and SSI:
Online Procedure for NSIC Registration
The following procedure has to be considered for NSIC registration by an MSME or SSI:
Documents for NSIC registration
- Udyog Aadhaar Information such as the Udyog Aadhaar Memorandum.
- Details of the machinery and equipment on the premises. This would include the date of purchase, the date of validity, and any other information related to machinery.
- Certificate of Incorporation in case the applicant is a company.
- Partnership deed in case the applicant is a partnership entity.
- Form-A copy in case the applicant is a partnership firm. The form-A copy must be provided by the registrar of firms.
- LLP Agreement in the case of a partnership firm.
- Attested documents in case of proof of ownership.
- Memorandum of Association and Articles of Association (MOA and AOA).
- Copy of the Bank report of the applicant.
- ISO Certification.
- BIS License if the same is required.
- Copy of the utility bill –electricity and water.
- Information related to the Manpower and workers engaged in the premises.
- Annual Audited Statements of the Company
Frequently Asked Questions
Is the NSIC below the MSME?
Yes the NSIC is set up for the upliftment of MSME and SSI. Through different forms of
benefits offered, MSME get advantages through NSIC registration.
Is NSIC registration mandatory?
No, NSIC registration is not mandatory for MSME or an SSI. However, securing this form
of registration would be beneficial.
How to secure a loan from NSIC?
The SSI or MSME can approach the bank which has a particular tie up with the NSIC. By
submitting information to the bank, the loan can be secured by the MSME.
Can I do my registration online and offline?
Yes, NSIC registration can be carried out either online or offline. It is easier to
complete the process online as it involves fewer procedures.
How can I renew the NSIC certification?
The NSIC certification is granted under the SPRS (Single Point Registration System). This
system is completely online. Hence after registering and securing the certificate, the
certificate would be valid for a period of 2 years.
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