NSIC Registration – An Overview

Are you a business owner in the MSME ecosystem but not able to benefit from government tenders and financial grants? If so, NSIC registration is essential for you to enjoy financial assistance, lower raw material costs, technological support, and government tenders.

The National Small Industries Corporation (NSIC) registration system was established by the government to support Micro, Small, and Medium-Sized Enterprises (MSMEs). NSIC, a Mini Ratna Public Sector undertaking founded in 1955, is ISO 9001-2015 certified, ensuring high-quality standards. As part of the Public Procurement Policy for MSEs (2012), this mechanism enables MSMEs to access government purchases via the Single Point Registration Scheme (SPRS).

If you are unsure about the process of NSIC registration in India, talk to our business consultants and apply for NSIC registration online effortlessly.

What is NSIC?

In India, the Ministry of Micro, Small, and Medium Enterprises (MSME) supervises the National Small Industries Corporation (NSIC). Through various initiatives, NSIC plays a crucial role in promoting and supporting the growth of MSMEs. These initiatives include the Government Purchase of Single Point Registration, Marketing Assistance, and the Small Industry Performance and Credit Rating System.

Registered MSMEs can avail themselves of various programs, such as Marketing Assistance, Credit Rating, and SPRS, which help them grow and expand in a variety of industries. Additionally, NSIC encourages loan facilitation through banks and financial institutions, providing vital support to the MSME sector.

Objectives of National Small Industries Corporation Registration

The key objectives of NSIC registration, as per the government, are as follows:

1. Acquiring Machinery
   Through NSIC registration, MSMEs have the opportunity to acquire machinery required for their business setup. This simplifies the process and ensures that MSMEs have the necessary equipment to operate effectively in the market.

2. MSME & SSI Assistance
   NSIC registration offers assistance and benefits to Small-Scale Industries (SSIs) and MSMEs. The objective is to help these industries claim various government incentives and scheme benefits periodically.

3. Government Tenders
   NSIC registration helps small and medium-sized industries secure government tenders and contracts. These opportunities provide a steady cash flow, improve market reputation, and ensure sufficient working capital for the smooth operation of businesses.

4. Raw Material Supply
   NSIC registration ensures that MSMEs have access to sufficient raw materials needed to initiate and sustain operations in the market.

Benefits of MSME NSIC Registration

There are several benefits for the MSME sector after obtaining NSIC Registration. The main benefits of MSME NSIC registration are as follows:

1. Reserved Purchases for Small-Scale Businesses
   A total of 358 items are reserved exclusively for purchase from small-scale businesses, helping these entities grow and establish a strong presence in the market.

2. No Tender Fees
   MSMEs with NSIC registration are exempt from paying the fee for tender allotment, which was previously required.

3. No Earnest Money Deposit
   MSMEs and SSIs with NSIC registration are not required to deposit any form of earnest money for securing government contracts.

4. Mandatory Government Purchases
   Central Ministries, Public Sector Undertakings (PSUs), and departments are required to purchase at least 25% of their annual product or service requirements from MSMEs.

5. Skill Development for Entrepreneurs
   The NSIC helps develop the skills of entrepreneurs, allowing them to improve their operations and implement new techniques to enhance their market presence.

6. Involvement in International Conventions and Trades
   The government ensures that small-scale industries are invited to international conventions and trade fairs, helping them gain knowledge about market capitalization. They are notified early about such events.

7. Technology Exhibitions
   NSIC organizes technology exhibitions for MSMEs, enabling them to stay updated on technological advancements and integrate new innovations into their businesses.

8. Easy Loans and Advances
   MSMEs can avail themselves of easy loans and advances from banks and financial institutions at lower interest rates.

9. Tax Benefits and Other Concessions
   MSMEs with NSIC registration are eligible for benefits such as reduced direct taxes, relaxation in ISO certification fees, and concessions in electricity bills.

Eligibility Criteria for NSIC Registration Online

Before opting for registration under NSIC, entities must meet the following eligibility criteria:

1. Micro Industries

   • Micro industries must have invested up to Rs 25 Lakhs in plants and machinery and up to Rs 10 Lakhs in the service sector to be eligible for NSIC registration.

2. Small Industries

   • Small industries must have invested up to Rs 5 crore in plants and machinery and up to Rs 2 crore in the service sector to be eligible for NSIC registration.

3. Business Duration

   • Entities must have completed at least one year of business operations.

4. Udyam Registration

   • Both micro and small industries must have obtained Udyam Registration from the appropriate authority before applying for NSIC registration.

Note:
Entities that have not completed one year of business operations can still benefit from the NSIC Single Point Registration Scheme and may obtain a provisional certificate of registration.

Documents Required for NSIC Registration

The following documents are required for NSIC Registration in India, categorized by entity type:

For Private Limited/Public Limited Company

• PAN Card
• UAM/Udyam Registration
• Details of Plant and Machinery
• Copy of Ownership Documents of the Premises
• List of Quality Control Equipment and Testing Facility Available in Factory
• Latest Electricity Bill Copy
• Audited Balance Sheet for the Last 3 Years
• Profit and Loss Accounts for the Last 3 Years
• Schedule of Fixed Assets (Last 3 Years)
• Schedule of Revenue from Operations (Last 3 Years)
• Statement signed by CA Showing Results of Operation for the last 3 Years
• Bankers’ Report
• Declaration Signed
• List of Directors and their Shareholding
• Memorandum of Article
• Board Resolution

For Proprietorship Concern

• PAN Card
• UAM/Udyam Registration
• Details of Plant and Machinery
• Copy of Ownership Documents of the Premises
• List of Quality Control Equipment and Testing Facility Available in Factory
• Latest Electricity Bill Copy
• Audited Balance Sheet for the Last 3 Years
• Profit and Loss Accounts for the Last 3 Years
• Schedule of Fixed Assets (Last 3 Years)
• Schedule of Revenue from Operations (Last 3 Years)
• Statement signed by CA Showing Results of Operation for the last 3 Years
• Bankers’ Report
• Declaration Signed

For Partnership Concern

• PAN Card
• UAM/Udyam Registration
• Details of Plant and Machinery
• Copy of Ownership Documents of the Premises
• List of Quality Control Equipment and Testing Facility Available in Factory
• Latest Electricity Bill Copy
• Audited Balance Sheet for the Last 3 Years
• Profit and Loss Accounts for the Last 3 Years
• Schedule of Fixed Assets (Last 3 Years)
• Schedule of Revenue from Operations (Last 3 Years)
• Statement signed by CA Showing Results of Operation for the last 3 Years
• Bankers’ Report
• Declaration Signed
• Partnership Deed
• General Power of Attorney

For Industrial Co-operative Societies

• PAN Card
• UAM/Udyam Registration
• Details of Plant and Machinery
• Copy of Ownership Documents of the Premises
• List of Quality Control Equipment and Testing Facility Available in Factory
• Latest Electricity Bill Copy
• Audited Balance Sheet for the Last 3 Years
• Profit and Loss Accounts for the Last 3 Years
• Schedule of Fixed Assets (Last 3 Years)
• Schedule of Revenue from Operations (Last 3 Years)
• Statement signed by CA Showing Results of Operation for the last 3 Years
• Bankers’ Report
• Declaration Signed
• List of Members
• Copy of Registration of Society
• Resolution of Authorization
• Name of Executive Body

For Hindu Undivided Family (HUF)

• PAN Card
• UAM/Udyam Registration
• Details of Plant and Machinery
• Copy of Ownership Documents of the Premises
• List of Quality Control Equipment and Testing Facility Available in Factory
• Latest Electricity Bill Copy
• Audited Balance Sheet for the Last 3 Years
• Profit and Loss Accounts for the Last 3 Years
• Schedule of Fixed Assets (Last 3 Years)
• Schedule of Revenue from Operations (Last 3 Years)
• Statement signed by CA Showing Results of Operation for the last 3 Years
• Bankers’ Report
• Declaration Signed
• Authorization of Karta

For Limited Liability Partnership (LLP)

• PAN Card
• UAM/Udyam Registration
• Details of Plant and Machinery
• Copy of Ownership Documents of the Premises
• List of Quality Control Equipment and Testing Facility Available in Factory
• Latest Electricity Bill Copy
• Audited Balance Sheet for the Last 3 Years
• Profit and Loss Accounts for the Last 3 Years
• Schedule of Fixed Assets (Last 3 Years)
• Schedule of Revenue from Operations (Last 3 Years)
• Statement signed by CA Showing Results of Operation for the last 3 Years
• Bankers’ Report
• Declaration Signed
• Copy of Incorporation Document LLP Agreement (Form-3)
• Copy of Form 4 (Names of Partners and Changes, if any)
• Copy of Form 2 (Location of the Main or Registered Offices of the LLP, Partner Details, etc.)
• Copy of Form 8 (Statement of Account and Solvency)
• Copies of Form 11 (Annual Return)
• General Power of Attorney

For Trust

• PAN Card
• UAM/Udyam Registration
• Details of Plant and Machinery
• Copy of Ownership Documents of the Premises
• List of Quality Control Equipment and Testing Facility Available in Factory
• Latest Electricity Bill Copy
• Audited Balance Sheet for the Last 3 Years
• Profit and Loss Accounts for the Last 3 Years
• Schedule of Fixed Assets (Last 3 Years)
• Schedule of Revenue from Operations (Last 3 Years)
• Statement signed by CA Showing Results of Operation for the last 3 Years
• Bankers’ Report
• Declaration Signed
• List of Members
• Copy of Registration of Society
• Resolution of Authorization
• Name of Executive Body

How to Apply for NSIC Registration Online?

To obtain an NSIC registration certificate with ease, the applicant can apply for the NSIC registration online process from the comfort of their location. Follow the step-by-step guide to apply for NSIC registration online:

1. Portal Login

The applicant can directly access the official registration portal provided by the government to apply for the NSIC certificate.

2. Online Application

After logging into the portal, the applicant can access the registration form and fill it out by providing the necessary details required for certification in the online process for NSIC registration. Applicants with Udyog registration can proceed with filling out the form. You can download the form from the website and complete it.

3. Documentation

After filling out the application form, the applicant needs to upload all the mandatory documents required to complete the registration process. The online process for MSME NSIC Registration requires the documents to be uploaded directly to the portal in the prescribed format.

4. Application Fee

Once the documentation is complete, the applicant has to pay the government fee to obtain the registration certificate. The fee can be paid via e-payment methods directly to the authorities, and the applicant will receive a receipt. The application is considered submitted after the government fee is paid.

5. Verification

The authorities verify the application by reviewing the application form and the documents uploaded. After ensuring all requirements are met, the authorities may either reject the application if any documents or details are missing or approve the National Small Industries Corporation registration certificate.

6. Grant of Registration

Once the verification is complete and all the details and documentation are in order, the authorities grant the NSIC certificate to the applicant. The applicant entity can use the NSIC registration certificate until its expiry.

Why Opt for Fastzeal for NSIC Certificate in India?

Below are the reasons why business owners rely on Fastzeal for securing an NSIC certificate in India:

1. Network of 500+ Consultants

Our network of over 500 business consultants and subject matter experts simplifies complex pre-registration requirements, making the process easy to understand.

2. Secured NSIC Certificates for 2500+ Entrepreneurs

We have assisted more than 2500 entrepreneurs in acquiring NSIC certificates with minimum hassle and zero stress.

3. Asia's Most Trusted Platform

As one of Asia's leading platforms for government registrations and licensing, Fastzeal ensures reliable and efficient services for obtaining the NSIC license.

4. 10+ Years of Expertise in NSIC Registration

With over 10 years of experience in NSIC registration, our successful service history across a diverse client base reflects our commitment to excellence.

5. Saved 30,00,000+ Hours of Business Owners

We guarantee prompt and efficient service, ensuring a seamless experience for every client looking for NSIC single-point registration. We’ve saved over 30 lakh hours of business owners.

6. Access to Government Schemes and Subsidies

MSME NSIC registration opens doors to various government schemes and subsidies. Leverage the benefits of credit facilitation and marketing assistance.

7. Client-Centered Approach

Fastzeal prioritizes customer support and satisfaction, offering guidance and assistance at every stage of the NSIC registration process.

8. Comprehensive Service Offering

In addition to NSIC single-point registration, Fastzeal also assists with GST registration, trademark registration, NSIC renewal, and more. You’ll get a wide range of services under one roof.