NSIC Registration Process

MSMEs Receive NSIC Registration through the Single Point Registration Scheme, which is valid for two years.

In addition, it must be renewed every two years.

Package Inclusion

• Complete documentation is included in the package.
• Consultation on NSIC registration over the phone while drafting and filing an application
• Follow-up with the relevant department on a regular basis
• End to End Support till Certificate Received

What is the NSIC Registration Process?

The Government of India established NSIC as a Mini Ratna PSU in 1955. NSIC collaborates with a variety of Indian SMEs. NSIC encourages and supports the growth of SMEs across the country. Setup training and incubation are provided by the company, which is overseen by specialists and professionals. NSIC provides a comprehensive support service in a variety of disciplines, including technology, finance, and marketing. Micro & Small Enterprises (MSEs) are also registered with NSIC under the Single Point Registration Scheme (SPRS) in order to participate in government procurement.

Eligibility Criteria for NSIC Registration

To be eligible for NSIC registration, businesses must meet the following requirements:All Micro Enterprises which it invest up to Rs. 25 lakhs in equipment and machinery and up to Rs. 10 lakhs in the service sector are eligible.
All Small Businesses that spend up to Rs. 5 crore in equipment and machinery and up to Rs. 2 crore in the service industry are eligible. Those businesses that have received the MSME Certificate.Businesses that have been in operation for at least one year

Registration with the NSIC has a number of advantages.

The look at the advantages of NSIC registration:

• Tender Allotment at No Cost – NSIC registration allows qualifying MSMEs to receive bids at no cost.
• MSMEs with NSIC registration do not have to pay an Earnest Money Deposit (EMD).
• Development of SSIs – For the upliftment of this sector, NSIC has set aside roughly 358 goods for procurement, primarily from (Small Scale Industries) SSI
• Assistance in Government Tenders – Within the price cap, all MSMEs vying for government tenders are authorised to supply up to 20% of the demand at a lower price.
• Reserved Quota – Out of the overall yearly need of 20% from MSMEs, 4% is set aside for units owned by SC/STs.
• MSMEs’ Development – NSIC provides MSMEs with a variety of integrated assistance services in marketing, technology, finance, and other areas.
• Increased Sales – PSUs, departments, and central ministries guarantee that MSE items and services account for at least 25% of total yearly purchases.
• NSIC encourages entrepreneurship development, capacity building, policy and institutional framework development, and business development services to MSEs in India.

Steps for Registration
• MSMEs must apply for registration through the NSIC’s official website.

• Fill out the application form and send it in with the relevant documentation.
  MSME’s Application Form, together with all other submitted papers, will be forwarded for inspection.
• The inspecting agency will begin the inspection process by conducting a technical inspection of Micro and Small Enterprises.
•  The agency’s report will be sent to NSIC after the inspection.

Documents Checklist

• NSIC Udyog Adhaar Memorandum requires a document (UAM) Number
• Copy of PAN and GST certificate
• Copy of the most recent electric bill
• Copy of the Sales Deed
• Proof of business existence for at least three years is required.
• Balance sheet that has been audited
• Statement of Profit and Loss over the preceding three years
• In the MSMEs Data Bank, a declaration of entry has been made.
• Employees working in production and services are listed below.
• Authenticated copy of the company location’s ownership paperwork
• Directors, proprietors, and partners must sign a declaration stating whether or not they have any ties to large-scale operations.

Validity of Registration

Certificate is valid for 2 Years and then it need to process for renewal

Fees for Registration

The registration cost is calculated based on the MSME’s yearly turnover and most recent audited balance sheet. However, the following are the fundamental facts of MSE registration fees:

Sr No Category Turnover below 1 Cr Turnover Above 1 Cr
1 Small Enterprises Rs. 5000 (Rs. 5000 + an extra Rs. 2000 for each additional crore of revenue)
2 Micro Enterprises Rs. 3000 ( Rs. 3000 + an extra Rs. 2000 for each additional crore of revenue.)

Regards & Thanks

NSIC REGISTRATION

Deepak Kumar

+91-98256-00907

Estabizz Fintech Private Limited