The Ultimate Guide to National Small Industries Corporation Registration

National Small Industries Corporation (NSIC) is a Government of India undertaking Under Ministry of Micro, Small and Medium Enterprise. NSIC registration scheme has been in force from the previous 37 years and in May 1976, it was redesigned. At present, NSIC registration is called as NSIC the Single Point Registration Scheme.

Here, we will briefly discuss all aspects of NSIC registration. Here we will cover:

• What is NSIC registration?
• Benefits of NSIC registration
• NSIC registration process
• Documents required for the NSIC registration
• Let's start the journey!

What is NSIC Registration?

NSIC is a Public Sector Undertaking established by Government of India in 1955. NSIC falls under Ministry of Micro, Small and Medium Enterprise of India. NSIC was established to promote and develop micro and small scale industries and enterprises in the country. It was originally founded as a Government of India Agency. NSIC registers Micro and Small Enterprises (MSEs) under Single Point Registration Scheme (SPR) for participation in Government purchase. Manufactures and Service Enterprises having Udyog Aadhar Registration are qualified for obtaining NSIC registration.

Benefits of NSIC Registration

Enterprises registered under the SPR scheme of NSIC are eligible to avail the benefits of Public Procurement Policy for Micro and Small Enterprises Order, 2012. There are numerous benefits of NSIC registration and list of all those benefits is given below:

1. Exemption from payment of earnest money deposit.
2. The issue of Tender sets at Zero price or free of Cost.
3. Each and every Central Ministries/Departments/Public Sector Undertakings shall set an annual goal of a minimum 20 percent of the total annual purchases of the products or services produced or rendered by MSE.
4. In addition to the above, 358 items are reserved for exclusive purchase from Small Scale Industries.

NSIC Registration Process

NSIC registration can be done through the online method as well as through the Offline method. Here we will discuss the NSIC registration process through online method.

1. Visit the Website - For the NSIC registration, first of all, the applicant needs to visit the website as prescribed by the Government of India also applicant requires to log in.
2. Select the option of online registration - After successful login, the applicant has to select the option of online registration.
3. Filing up Registration application form - In the third step, it is necessary for the applicant to fill up the registration form.
4. Registration fee - Upon fill up the registration form, the applicant requires to pay the registration fee as prescribed by the Government.
5. Submission of Documents - Applicant needs to submit all the necessary documents required for NSIC registration.
6. Submission of Application - When all the above steps are successfully completed, the applicant needs to submit the Registration Application.

Documents required for NSIC Registration

List of the documents required for NSIC registration is given below:

1. Self-attested copy of ownership documents of the premises.
2. Copy of PAN card
3. Audited Financial Statements
4. A duplicate copy of the acknowledgment of MSME (Micro, Small and Medium Enterprises) enrollment
5. The latest copy of the electricity bill
6. Performance Statement
7. Partnership deed, if any
8. Memorandum of association and Article of Association

Conclusion

NSIC aims to promote and growth of small industries as well as growth of Micro, small and medium enterprises. By obtaining NSIC registration you will be entitled to avail a number of benefits.

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