NSIC Registration Online- Process, Fees, Documents Required

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NSIC Registration is a way of formalizing your business and getting listed in the NSIC database. The government of India set up NSIC to support people who run small businesses.The MSMEs registered with NSIC are eligible for support under many governmental developmental programs.

The government introduced NSIC registration to support small businesses struggling today's economy. The purpose of NSIC is to give organizations access to benefits from big-ticket purchases made by the government.

Registering for NSIC and getting the registration certificate is easy but can be confusing if you are unaware of all the necessary details. This article covers the NSIC registration Process, Fees, and more. It gives you all the information you need to register online and get your NSIC certificate without delay. Go through this article and learn how to get registered under NSIC today.

• NSIC Overview
• What is NSIC
• Documents Required
• NSIC Registration process
• NSIC Registration Fees
• Eligibility Criteria
• Single Point Registration Scheme
• Benefits of NSIC Registration
• Various Schemes under NSIC
• NSIC Registration with Liquetax
• Validity and Renewal
• Frequently Asked Questions

NSIC Registration Certificate Sample

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.

Purpose of NSIC

The primary purpose of NSIC is to assist and promote the MSMEs sector by offering integrated support services in finance, marketing, technology, and other allied services.

How To Register under NSIC

The registration process is simple and can be done online. You will need to provide basic information about your business and pay a registration fee. Once you are registered, you will be issued an NSIC certificate.

Step 1. Udyam Registration:

Udyam Registration Number is required to apply for NSIC registration. Therefore the primary step of NSIC certification is MSME registration

Step 2. Registration in MSME DataBank:

MSMEs have to register themselves in MSMEDataBank using UAM No. and PAN to apply for Single Point Registration.

Step 3. Application for NSIC Registration:

The application for Single Point Registration is done online on the NSIC website. All the required forms, annexures, and documents have to be uploaded properly. After applying, the NSIC forwards the application to a zonal branch or sub-branch office nearest to the applicant to complete the unit's technical inspection and forwarding of recommendation for NSIC registration.

Step 4. Third-party Inspection:

Inspection by a third-party agency is involved for store item inspection. The units have to choose an inspection agency according to their domain expertise and jurisdiction. To check the Inspection charges, refer to the list of Inspecting Agencies empanelled for technical inspection under SPRS.

Step 5. Approval & Issuance of NSIC Certificate:

On receiving the inspection report from the agency, NSIC grants registration to the MSE unit. Post-approval, NSIC Registration Certificate will be available online, and the respective NSIC office will send a physical copy of the certificate by post.

What charges are applicable for NSIC registration?

During the process of NSIC registration, there are different fees that need to be paid.

• Professional fee
• Inspection Fee and
• Registration fees followed as:

Eligibility for NSIC registration

• MSMEs that have already begun commercial production (Startups) but have not completed one year of operation are eligible for Provisional Registration for one year. After one year, MSMEs can apply for complete registration.
• Micro & Small Enterprises (MSMEs) having Udyog Adhaar Memorandum (UAM) and possessing their workshop or on lease basis are eligible for registration.
• Any manufacturer or service provider with a valid GST number and meeting the above criteria can apply for NSIC registration online.
• Eligible firms must have commercial and technological advancements to provide services to government agencies like defense, railways, PSUs, and central and state government departments.
• Traders are not eligible for registration under the NSIC schemes.

NSIC Validity and Online Renewal

• The validity of the NSIC Certificate is Two Years from the registration date, and MSE units can apply for renewal six months before the certificate expires.
• Renewal under NSIC is completed in person by presenting the recommended application and the endorsed application fee to the relevant division. The expense is determined by the net sales turnover of the company.
• MSMEs that renew their SPRS certificates before expiration receive a 50% reduction on the renewal fee.
• MSE Units with no changes from the previous certificate can apply for renewal online.
• Applicant must possess all the documents required for NSIC registration along with the original NSIC certificate at the time of renewal.

Single point registration Scheme for government purchase

As a vendor, you may register for the NSIC Single Point Registration Scheme if you are interested in providing government agencies goods or services. The program streamlines the registration process by allowing you to register once instead of with each agency.

To register, you'll need to complete an online application and submit certain documents, including proof of business entity, financial statements, and more. You need to pay a non-refundable fee associated with registration.

In 2012, an official order created the Single Point Registration System(SPRS) - a section of a public procurement policy that specifically deals with small businesses. In addition to giving these SMEs access to various vendor opportunities and a general increase in sales revenue.

SPRS also helps them find relevant services they might need while registering their company or getting started on something new by providing everything from legal support to marketing assistance. And because of so many options through this one-stop shop program, everyone who registers will benefit from everything available at NSIC.

Exemption from Vendor Assessment

A business entity having an NSIC certificate is exempted from Vendor Assessment on Gem Portal.

Supports MSMEs

Registering under NSIC provides access to training courses and workshops on topics such as marketing strategies, technology investment strategies, finance management, and more to help MSMEs in India improve their performance.

Exempted from paying EMD

Micro and small enterprises(MSMEs) that have registered with NSIC for a specific product category and whose credentials have been checked by the NSIC database are free from payment of Earnest Money Deposits(EMD).

Free Allotment of Tender

MSMEs can freely participate in government contracts and tenders by obtaining NSIC Registration Certificate. It also helps small-scale businesses get the contracts they need for their work and allows them to sell their products at competitive prices.

Assistance in Government Tenders

Registered businesses also get preference in tenders floated by public sector undertakings (PSUs). MSMEs can secure government purchases and tenders by utilizing the SPRS. Aside from that, MSMEs would also be notified of any allotted tenders.

Provides Transparency

It also seeks to promote greater transparency in the manner in which foreign funds are raised and spent by NGOs and other trusts involved in a social cause.

Ensures Legality of a Business

NSIC registration protects businesses from being cheated by unscrupulous traders and ensures that only quality goods are supplied. The NSIC logo is a quality mark and a valuable promotional tool for businesses.

Reservation for SC/ST and Women Entrepreneurs