The National Small Industries Corporation
WHAT IS NSIC REGISTRATION?
National Small Industries Corporation was established by the Government of India in 1955. Today, NSIC is a reputed Mini Ratna PSU that also possesses ISO 9001:2015 certification.
In order to promote small & growing entrepreneurs in post-independent India, the Government of India has set up NSIC, which acts as an intermediary to provide assistance to small scale industries (SSI). The MSEs having NSIC Registration can get access to numerous developmental schemes of the government and achieve tremendous growth in their business.
WHO ARE ELIGIBLE FOR NSIC REGISTRATION?
The entities eligible to obtain NSIC Registration are listed below:
- Any Micro and Small level enterprise with valid a Udyog Aadhar.
- The MSMEs who have although started their production, but are not having the Audited Balance Sheet for the past one year can apply for a provisional NSIC registration with a validity of one year.
NSIC REGISTRATION BENEFITS & SCHEMES
Free allotment of tenders
One of the key benefits of NSIC registration is that it enables the allotment of tenders totally free of cost to eligible MSMEs.
No EMD deposit
MSMEs with NSIC registration need not pay Earnest Money Deposit (EMD). This is taken from the bidder, to assure his sincerity in a deal.
Development of SSIs
Notably, NSIC has reserved 358 items for purchase particularly only from (Small Scale Industries) SSIs as to uplift this sector.
Assistance in Government tenders
All MSMEs bidding for tender within the price cap of L1+15% are allowed to supply up to 20% of the demand by reducing the price to L1.
The reserved quota
Out of the total annual requirement of 20% supplies from MSMEs, 4% is reserved for the units owned by SC/STs.
Overall progress of MSMEs
NSIC executes various interconnected aid services concerning Marketing, Technology, Finance and other kinds of support to MSMEs.
PROCEDURE TO GET NSIC CERTIFICATE
DOCUMENTS REQUIRED FOR NSIC REGISTRATION
- Copy of Acknowledgement of UDYAM registration.
- Details of of plant & machinery and raw material with original purchase price
- Performance Statement
- Self-attested copy of ownership documents of the premises or copy of lease deed.
- Declaration/Certificate from the Proprietor/Partner/Director whether or not they have any link with large scale unit(s).
- List of raw materials and finished goods in stock.
- Item for which registration required with detailed specification(s)
- Copy of type test report from Independent lab, where applicable as mentioned in relevant standard.
- Latest Electricity Bill Copy.
- Account for the last 3 years duly signed by the authorized person under his seal.
- Statement showing the Results of Operation for the last 3 years duly signed by Chartered Accountant under his seal.
- Bankers’ Report giving details of financial status of the applicant firm as per Performa “F” of application form.
- Copy of Permanent Account No. (PAN)
- Partnership Deed
- Form ’A’ from Registrar of Firms showing the names of the partners.
- Certificate of Incorporation.
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