NSIC Registration

What is NSIC Registration?

NSIC stands for National Small Industries Corporation Limited. It is a government body established in 1955, operating under the Micro, Small, and Medium Enterprise (MSME) sector. NSIC has a Mini Ratna Public Sector Undertaking (PSU) status with ISO 9001:2015 certification.

NSIC's primary purpose is to support the growth of MSMEs in India. It also serves as a facilitator to assist Small Scale Industries. It offers comprehensive services in areas such as finance, technology, support services and marketing. NSIC also registers MSMEs under the Single Point Registration Scheme, enabling them to participate in government procurement. Hence obtaining a NSIC Certificate is of great benefit for MSMEs. 

To obtain NSIC registration, businesses with MSME or Udyog Aadhaar registration can either apply online or submit an application at an NSIC office. Upon application submission, it is forwarded to the nearest zonal, branch, or sub-branch office for a technical inspection of the unit. Based on the inspection report, NSIC grants registration to the MSME unit.

What is NSIC Registration Eligibility?

Before applying for NSIC registration, applicants must meet the following eligibility criteria:

• Micro Enterprises with investments in plant & machinery up to INR 25 lakhs and INR 10 lakhs in the service sector, OR
• Small Enterprises with investments in plant & machinery up to INR 5 Crore and INR 2 crores in the service sector, OR
• Holders of an MSME Certificate.
• Completed one year of business operation.

Provisional registration is issued to MSMEs under the Single Point Registration scheme if they have not completed one year of business operation.

What is Schemes Available under NSIC Registration?

NSIC offers various schemes, including:

• Single Point Registration Scheme
• Credit Facilitation by Banks
• Raw Material Assistance Scheme
• National SC/ST Hub
• Skill Development Service
• Procurement and Marketing Assistance Scheme
• Performance and Credit Rating Scheme
• Bill Discounting Scheme
• Marketing Intelligence
• Infomediary Services

What are the Benefits of NSIC Registration?

NSIC registration provides several benefits, as follows:

• Cheaper loans
• Concessions on patent registration
• Benefits of credit guarantee scheme
• Priority lending from banks
• Buyer seller meeting
• Access to technology
• Participation in international exhibitions and technology exhibitions
• Exemption from earnest money deposit scheme
• Access to E Tenders and GEM Portal. 
• Subsidy from barcode registration
• 350 plus items are registered as exclusive purchase from MSMEs

Apart from aforementioned benefits, several other benefits are also applicable to MSME registered under NSIC.

What is NSIC Registration Documents?

The documents needed for NSIC registration include:

• Identity and address proof of the applicant
• Copy of MSME registration certificate.
• PAN and Udyog Aadhaar Memorandum (UAM) Number.
• Documents of the business location.
• Declaration from Directors, Partners, or Sole proprietors regarding links with large-scale units.
• Quality control measures information.
• List of quality control equipment.
• Type test report from an independent lab if applicable.
• Entry details in the MSME Data Bank.
• Audited balance sheet and P&L for the previous 3 years.
• Banker’s Certificate.
• Business existence proof for a minimum of 3 years.
• Particulars of employees involved in production and services.
• BIS license copy if applicable.
• Copy of electricity and water bills.

What is NSIC Registration Process?

You can contact Apka Tax for a hassle free and simple procedure to obtain an NSIC Certificate. Alternatively enterprises with MSME or Udyog Aadhar Registration can apply online for NSIC Registration via these steps:

• Visit the official portal of NSIC
• Look for single point registration system
• Register in the MSME Data Bank using UAM No. and PAN
• Fill in the requested details in the application form
• Upload the scanned copy of required documents
• Submit the application form with required documents.
• Pay the necessary fee.

Once payment is confirmed and documents are verified, the NSIC certificate is generated and sent by post.

What is NSIC Registration Fees?

Following is the fee structure for obtaining NSIC Certificate

What is NSIC Registration Validity?

Under the Single Point Registration, NSIC Certificate for MSMEs is valid for 2 years, renewable every 2 years.

What are the Functions of NSIC Registration?

NSIC performs various functions mentioned as under: 

• Offering development schemes for MSMEs
• Facilitating free-of-cost tenders for eligible MSMEs. 
• Providing support services in marketing, technology, and finance, offering technical and skill development. 

For expert assistance in registration and licensing services, Apka Tax  is your trusted platform. We ensure top-notch services regardless of the complexity of compliances and regulations under different Acts. Our experienced professionals simplify the pre-registration requirements and deliver government licenses and registrations promptly.

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