National Small Industries Corporation (NSIC) is a Government of India entity that comes under the Ministry of Micro, Small, and Medium Enterprises (MoMSMEs). NSIC promotes and aids the growth of MSMEs across the nation. The corporation has set up training and incubation that is managed by professionals. NSIC provides integrated support services in various fields that include technology, support service, finance, and marketing. NSIC registers Micro & Small Enterprises (MSEs) under Single Point Registration Scheme (SPRS) for involvement in Government purchases.
Brief about NSIC Registration
NSIC registration is a process of registering a SME with NSIC, which is a Government of India enterprise that supports and promotes SMEs in the country. The registration provides various benefits to SMEs, such as access to credit and market support, and helps them in their growth and development. NSIC registration is available for both manufacturing and service sector enterprises and is applicable to both the private and public sector. The process involves filling out an application form and attaching necessary documents such as proof of ownership, PAN card, GST registration certificate, bank account details, etc. Once the registration process is completed, the SME will receive a registration certificate from NSIC
Documents for the NSIC Registration
- Proof of ownership or lease agreement of the business premises
- PAN card of the business
- GST registration certificate
- Bank account details
- Aadhaar card or any other government-issued ID proof of the proprietor/partners/directors
- Business registration certificate
Eligibility Criteria for NSIC Registration
- The SME should be registered under the relevant government authority, such as the MSME Act or any other relevant act.
- The SME should have a valid PAN card and GST registration.
- The SME should be in the manufacturing or service sector.
- The SME should have a track record of financial and commercial soundness.
- The SME should have a good reputation in the market and should not have been blacklisted by any government department or agency.
- The SME should have a minimum investment in plant and machinery as per the prevailing guidelines of the NSIC.
Procedure of NSIC Registration
- Visit the NSIC website or any of its offices to obtain the application form.
- Fill in the application form with all the required details such as company name, address, contact details, PAN number, GSTIN number, etc.
- Attach the necessary documents such as proof of ownership or lease agreement of the business premises, PAN card of the business, GST registration certificate, bank account details, Aadhaar card or any other government-issued ID proof of the proprietor/partners/directors, and business registration certificate.
- Submit the application form along with the required documents to the nearest NSIC office.
- Follow up with the NSIC office to know the status of the application.
- Once the registration process is completed, the SME will receive a registration certificate from NSIC.
FAQs
How long is the NSIC Registration valid?
NSIC registration is typically valid for two years. After this period, the business must reapply for renewal of the registration to continue availing the benefits.
What are the benefits of NSIC Registration?
- Access to government tenders: NSIC registration makes businesses eligible to bid for various government projects and procurements.
- Marketing assistance: NSIC supports the marketing of products through exhibitions, trade fairs, and publicity.
- Financial assistance: NSIC provides finance and credit facilitation for businesses.
- Credit rating support: Assistance in getting credit ratings from agencies.
- Raw material assistance: Provides procurement of raw materials at competitive rates.
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