Overview of NSIC Registration:

NSIC (National Small Industries Corporation Limited) is a government undertaking established in 1955, operating under Micro, Small, and Medium Enterprise (MSME) sector. It is a reputed Mini Ratna Public Sector Undertaking (PSU) and holds ISO 9001:2015 certification.

NSIC's primary objective is to promote and foster the growth of MSMEs in India by providing support services in technology, finance, marketing, and other areas. It acts as a mediator to aid Small Scale Industries and facilitates their participation in Government purchases.

NSIC offers registration under the Single Point Registration Scheme for Micro & Small Enterprises, allowing them to participate in Government procurement. Enterprises with MSME or Udyog Aadhaar registration can apply online or submit an application at NSIC offices.

The registration process involves technical inspection of the unit by NSIC officials at the nearest zonal, branch, or sub-branch office. Upon receiving the inspection report, NSIC grants registration to the MSME unit, enabling them to avail benefits and opportunities facilitated by the corporation.

What is NSIC Registration

NSIC stands for National Small Industries Corporation. It is an ISO-certified government organization that enlists Micro & Small Enterprises (MSMEs) under the Single Point Registration scheme (SPRS) to participate in government purchases. It provides access to government contracts, benefits, and discounts. The Government of India established National Small Industries Corporation (NSIC) in 1955 to aid, support, and promote the Micro, Small, and Medium Enterprises(MSMEs) in India.

The eligibility criteria for NSIC registration are as follows:

1. Micro Enterprises: Micro enterprises with investments in plant & machinery up to INR 25 lakhs and in-service sector up to INR 10 lakhs are eligible.
2. Small Enterprises: Small enterprises with investments in plant & machinery up to INR 5 Crore and in-service sector up to INR 2 crores are eligible.
3. MSME Certificate: Enterprises holding an MSME certificate are eligible for NSIC registration.
4. Business Commencement: The applicant must have completed one year of business commencement.

Note: Provisional Registration Certificate will be issued to Micro and Small Enterprises under the Single Point Registration scheme if they have not completed one year of business commencement.

Benefits Offered by MSME Registration to Small Scale Units:

1. Access to Cheaper Loans: MSME registration provides access to loans with lower interest rates, as low as 1.5%.
2. Credit Carryforward: MSME registration ensures credit relating to Minimum Alternate Tax (MAT) can be carried forward for up to five years.
3. Rebates and Concessions: MSME registration ensures access to rebates and concessions offered by the government.
4. Concessions on Patent Registration: MSME registration holders can avail concessions on patent registration fees.
5. Access to Government Platforms: MSME registration allows access to the Udyam Registration Portal for participation in Government e-Marketplace (GeM) and e-tenders.
6. One Time Settlement Fee: MSMEs facing payment issues with vendors can avail one-time settlement fee facilities.
7. Government Scheme Benefits: MSME registration aids in securing benefits under various government schemes such as the Public Procurement Policy, Credit Linked Capital Subsidy Scheme, and Credit Guarantee Scheme.
8. Priority Sector Lending: Entities with MSME registration are eligible for priority sector lending from banks.
9. Security Deposit Waiver: MSMEs have access to a waiver on government security deposits, beneficial for participating in e-tenders.
10. Subsidy for Barcode Registration: MSME registration ensures access to subsidy for barcode registration.
11. Exemption on Direct Taxes: MSMEs are eligible for exemption on direct taxes through various tax-saving schemes.
12. Fee Relaxation for ISO Certification: MSMEs receive fee relaxation for ISO certification.
13. Electricity Bill Concession: MSME registration ensures concessions on electricity bills.
14. Exposure to Trade Fairs: MSMEs gain exposure to domestic and global trade fairs, facilitating business growth and networking opportunities.

Documents Required for NSIC Registration

The documents required for NSIC Registration are as follows-

1. MSME registration certificate
2. Plant and machinery details along with raw material purchase price
3. Audited Balance Sheet, P&L account and Trading Account
4. Account for the last 3 years duly signed by the authorized CA
5. Bankers’ Report giving details of the financial status of the applicant firm as per Performa “F” of the application form
6. Performance Statement
7. Detail of inventory and raw material in hand
8. List of technical employees involved in production and services
9. Quality control report for products and services
10. Copy of PAN
11. Copy of lease deed, Rent Agreement or Property documents
12. Declaration from the Proprietor/Director declaring no connection with the large-scale unit
13. Items for which registration is required
14. Partnership Deed or Memorandum and Articles of Association / COI

How to Get NSIC Registration Online:

Step 1: Contact BRL India
Contact BRL India, your one-stop solution provider for NSIC Registration.

Step 2: Dedicated Professional Alignment
BRL India aligns a dedicated professional to assist you throughout the NSIC Registration process.

Step 3: Initial Registration
Our officials help you with the initial registration process, especially for the Single Point Registration scheme.

Step 4: Fill Requisite Details
We assist you in filling in all the necessary details required for the application.

Step 5: Documentation Submission
We help applicants submit all required documents for the NSIC Registration.

Step 6: Fee Payment
We handle the fee payment process on your behalf to facilitate obtaining the NSIC certificate.

Step 7: Obtain NSIC Certificate
Once payment is confirmed and your documents are verified, we inform you about the NSIC certificate and share it with you via email.

Schemes for MSMEs Registered under NSIC:

1. Single Point Registration Scheme:
Exempts small business units registered under NSIC from Earnest Money deposits (EMD) in government tenders and purchases.

2. Infomediary Services Scheme:
NSIC offers Info Media Services through its MSME Global Mart, providing information on business, technology, and finance to Indian SMEs.

3. National Scheduled Caste and Scheduled Tribe Hub Scheme:
The National SC/ST Hub aims to provide professional support to SC/ST enterprises to effectively participate in public procurement processes.

Validity of NSIC Registration:

Under the Single Point Registration scheme, NSIC Certificate is valid for 2 years, with renewal required after expiration. Provisional NSIC Certificate is valid for 1 year, with a limit of up to 5 lakhs.

How BRL India Assisst with NSIC Registration:

At BRL India, we provide comprehensive guidance and support for NSIC Registration, ensuring compliance with regulations and requirements. Our experienced team offers expert assistance throughout the registration process, helping businesses navigate the legal landscape effectively.