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Published on:
December 30, 2022
By
Swathi v prabhu

NSIC- full form, registration, and certificate

National small industries corporation also known as NSIC offers growth and support for the development of small, micro, and medium enterprises (MSMEs) and the promotion of these enterprises. This undertaking was established by the government in 1955.

NSIC, presently, is a reputed mini-Ratna public sector undertaking that also holds ISO certification of 9001:2015. It is known to provide unified support services in various fields such as technology, support service, finance, and marketing. It registers micro and small enterprises under a single-point registration scheme for association in government purchases.

Now, in this article let us understand a bit more about national small industries corporations.

What are the eligibility criteria for choosing NSIC registration?  

  The applicant shall mandatorily meet their eligibility criteria before applying for NSIC registration:-

1. All Micro Enterprises whose investment in Plant & machinery is up to INR 25 lakhs and In-service sector up to INR 10 Lakhs, OR

2. All Small Enterprises whose investment in Plant & machinery is up to INR 5 Crore, In-service sector up to INR 2 crores, OR

3. Holding MSME Certificate.

4. Completed one year of business commencement.

What are the schemes available under NSIC registration?

There are various schemes available under NSIC registration, some of which include the following:-

1. A single-point registration scheme

2. Consortia and tender marketing

3. Procurement marketing scheme

4. Performance and credit rating scheme

5. Bill discounting scheme

6. Credit facilitation by banks

7. Marketing intelligence

8. The raw material assistance scheme

9. Procurement and marketing assistance scheme

10. Infomediary services

11. Skill development services

What are the documents required for NSIC registration?

 The documents required for NSIC registration are as follows:-

1. Identity proof and address proof of the registered person

2. Copy of acknowledgment of MSME registration

3. A Signed copy of PAN, Udyog Aadhaar Memorandum (UAM) Number

4. A Signed copy of ownership documents of the business location

5. Copy of sales deed, if any

6. Declaration from the Directors, Partners, or Sole proprietor that whether or not they have any link with a large scale Unit.

7. List of quality control equipment and testing facilities available in the factory

8. Copy of test report from an independent lab, where applicable as mentioned in the relevant standard

9. Business existence proof of minimum 3 years along with proof of ownership of raw materials, plant/machinery, equipment, and tools

10. Particular employees involved in production and services

11. Particulars of entry made in the MSME data bank

12. Memorandum as per application’s Proforma “Annexure-F”

13. Review on quality control measurement chosen by the firm for quality control

14. Audited balance sheet and P/L for three years

15. Banker’s certificate

16. Copy of BIS license, if applicable

17. Copy of IOS 9000, not mandatory

What is the procedure to obtain an NSIC certificate?

Enterprises that are registered under MSME or have Udyog Aadhar Registration are eligible to get registered under NSIC.

For an NSIC certificate, an applicant needs to follow the following steps:

Step-1:  An applicant (MSME) needs to visit the official website www.nsicspronline.com to obtain NSIC Certificate.

Step-2: To get registered as Single Point Registration Applicants, MSMEs are required to register in MSME Data Bank using UAM No. and PAN.

Step-3: Fill in the requisite details asked in the application form using PAN and UAM numbers.

Step-4: An applicant shall submit the application form, along with the necessary documents.

Step-5: Payment of a requisite fee to obtain the NSIC certificate.

Step-6: Once the payment is made and confirmed and documents get verified by the authority, the NSIC certificate shall be sent by post.

 

What are the charges applicable for NSIC registration?

At the time of NSIC registration, various charges such as:-

1. Registration fees

2. Inspection fees

3. Registration fees of:

Entity

Turnover of up to 1 crore

Turnover exceeding 1 crore INR

Micro-sized MSME

INR 3000

INR 3000 + INR 1500 for additional turnover exceeding 1 Crore

Small-sized MSME

INR 5000

INR 5000 + INR 2000 for additional turnover exceeding 1 Crore

4. Inspection charges in addition to the registration charges:

Rs.2000 for micro-sized enterprises

Rs.3000 for small-sized enterprises

 

FAQS

1.What does NSIC stand for?

NSIC stands for National Small Industries Corporation Limited. 

2. What is an Udyog card?

Udyog Aadhar is a government registration that is provided to certify small/medium businesses or enterprises.

3. How does NSIC registration help in the development of SSIs?

To uplift the SSI sector, NSIC has reserved 358 items for supply specifically for the SSIs.

4. What is the limit for obtaining provisional registration?

The limit for obtaining provisional registration is 5 Lakhs.

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