The National Small Industries Corporation (NSIC), is a Government of India Enterprise under Ministry of Micro, Small and Medium Enterprises (MSME). NSIC has been working to promote, aid and foster the growth of micro, small and medium enterprises in the country. Its Mission is to To promote and support Micro, Small & Medium Enterprises (MSMEs) Sector. NSIC facilitates Micro, Small and Medium Enterprises with a set of specially tailored scheme to enhance their competitiveness. NSIC provides integrated support services under Marketing, Technology, Finance and other Support service. NSIC acts as a facilitator and has devised a number of schemes to support enterprises in their marketing efforts, both domestic and foreign markets.
|Free Allotment of tenders||NSIC registration enables the allotment of tenders totally free of cost to eligible MSMEs|
|No Earnest Money Deposit||MSMEs having NSIC registration need not pay Earnest Money Deposit (EMD)|
|Development of Small Scale Industries||NSIC has reserved around 358 items for purchase, particularly only from (Small Scale Industries) SSIs for the upliftment of this sector|
|Assistance in Government tenders||All MSMEs bidding for government tenders within the price cap are allowed to supply up to 20% of the demand on the reduced price|
|Reserved Quota||From the total annual requirement of 20% supplies from MSMEs, 4% is reserved for the units owned by SC/STs category|
|Progress of MSMEs||NSIC executes various interconnected aid services concerning marketing, technology, finance and other such support to MSMEs|
|Increased Sale||PSUs, departments and central ministries assure a minimum of 25% of the total annual purchases of products and services produced by MSEs|
|Provides consultancy services||NSIC in India encourage entrepreneurship development, capacity building, policy and institutional framework and business development services to MSEs|
Micro Enterprises with Investment in plant & machinery up to Rs. 25 lakhs and invest up to Rs. 10 Lakhs in the service sector
Small Enterprises with investment in plant & machinery up to Rs. 5 Crore and invest up to Rs. 2 crores in the service sector
Those enterprises which hold the MSME Certificate
The enterprises which have completed one year of business commencement
Step 1: Visit the website of NSIC https://www.nsic.co.in/Home.aspx
Step 2: Fill the application form and submit with supporting documents
Step 3: The application will be forwarded for inspection
Step 4: The inspecting agency will conduct technical inspection of MSME
Step 5: After inspection, report will be submitted to NSIC
Step 6: When NSIC is satisfied with report, it will issue SPRS Registration Certificate
|Single Point Registration Scheme||NSIC registers MSEs or Micro & Small Enterprises under Single Point Registration scheme (SPRS) for participation in Government Purchases. Due to the increase in share of purchases from a small scale sector, the Government Stores Purchase Programme was launched in the year 1955-56.|
|Performance and Credit Rating Scheme||This scheme seeks to the establishment of independent and trusted third party opinions on capabilities and credit-worthiness of MSEs. This makes availability of credit at attractive interest rates and also ensures to better productivity. Under this scheme, a percentage of Rating Agency charges are reimbursed by Ministry of SSI as per MSEs Turnover.|
|Bill Discounting Scheme||This Scheme will cover discounting of bills arising out of genuine trade transactions i.e. supplies made by MSMEs or Micro, Small and Medium Enterprises to reputed Public Limited Companies/State and Central Govt. Departments/ Undertakings/Private Limited Companies (not traders), engaged in manufacturing/ service activities.|
|Bank Credit Facilitation||To meet the credit requirements of MSME units, NSIC has entered into a Memorandum of Understanding with various Nationalized and Private Sector Banks. Through these banks, NSIC facilitates MSME in accessing credit support (fund based or non-fund based limits) from the banks. NSIC also assists MSMEs in completion of the documentation for submitting the proposals to the banks. This type of support is provided by NSIC without any cost to the MSMEs.|
|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.|
|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 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 Micro, Small & Medium Enterprises along with NSIC, has been providing marketing support to Micro & Small Enterprises (MSEs) under Marketing Assistance Scheme.|
- Udyog Adhaar Memorandum (UAM) Number
- GST certificate
- Copy of Income Tax PAN
- Copy of last Electricity Bill
- Copy of Sales Deed
- Proof of Business existence for a minimum of 3 years
- Audited balance sheet of previous 3 years
- Profit and Loss account statement for the previous 3 years
- Declaration of entry been made in MSMEs Data Bank
- List of employees involved in production and services
- Attesed copy of ownership documents of the business location
- Declaration Certificate from the Directors, Proprietor and Partner whether or not they have any link with large scale Unit
Registration of NSIC is valid for 2 years.
After 2 years it will be renewed on verification by Commercial and Technical Competence (CTC) of Registered MSMEs.
Provisional NSIC Registration is valid for 1 year.
Registration fee is charged on the basis of turn over in the latest audited Balance Sheet
|Category||Turnover below Rs. 1 Crore||Turnover Above Rs. 1 Crore|
|Small Enterprises||Rs. 5000||Rs. 5000 plus additional fee of Rs. 2000 for turnover of every Rs. 1 Crore|
|Micro Enterprises||Rs. 3000||Rs. 3000 plus additional fee of Rs. 1500 for turnover of every Rs. 1 Crore|
Difference Between MSMEs and NSIC
The NSIC registration certificate granted to MSEs (Micro and Small enterprises) under Single Point Registration Scheme is valid for only 2 years whereas MSME registration certificate is valid for a lifetime.
How to get Loan from NSIC
Visit to NSIC website to download the loan application forms for Bank Credit Facilitation. The MSME Unit can also directly approach to any of the branch offices and submit their request for loan requirement from any of the banks under the tie up agreement with NSIC.
NSIC works under which ministry
NSIC falls under Ministry of Information Technology, Government of India
Fee for NSIC Registration
Appeal against de-registration should be filed a within a period of 45 days to DGFT or other designated agency. Decision of appellate authority shall be considered final.
|SPRS up to Rs. 1 Crore||Rs. 1000 + GST|
|SPRS from Rs. 1 Crore to Rs. 5 Crore||Rs. 2500 + GST|
|SPRS above Rs. 5 Crore||Rs. 5000 + GST|
Note: Units owned by SC/ST entrepreneurs are exempted from the enlistment fee