Complete Guide to NSIC Registration Online

NSIC (National Small Industries Corporation) registration is an important certification from the Government of India. The central ministry manages it. It mainly focuses on promoting and supporting the growth of micro, small, and medium enterprises (MSMEs) in the country.

By getting NSIC registration online, businesses can enjoy many benefits. These include access to government tenders, financial help, and exemptions. These benefits are key for improving rivalry and achieving long-term growth in the market.

NSIC offers a single point registration scheme (SPRS) for government purchases. This helps micro and small enterprises (MSEs) compete better in the procurement process.

Benefits of NSIC Registration

Obtaining NSIC registration offers several significant advantages to MSMEs. These benefits include:

• Access to Government Tenders: NSIC-registered businesses can access government procurement programs. This allows them to join tenders and win important contracts, without the need to pay earnest money deposit (EMD). They can also participate in procurement under the procurement policy for micro enterprises, ensuring they have a competitive edge.
• Financial Assistance: Registered businesses can avail themselves of credit support and other financial services to ensure without interruption operations and expansion. They are also eligible for support from the central ministry in securing finances.
• Marketing Support: NSIC helps small businesses by providing marketing support. This assistance allows them to promote their products and services more widely.
• Raw Material Assistance: Businesses can receive help in procuring raw materials at concessional rates, improving production efficiency.
• Technology Support: NSIC facilitates technology upgradation for MSMEs, ensuring they remain competitive in their respective industries.
• Waiver of Earnest Money Deposit (EMD) Payment: NSIC registration lets businesses skip the earnest money deposit (EMD) for tenders. This helps them join without extra upfront costs.

Who Can Apply for NSIC Registration?

Any micro, small, or medium enterprise (MSME) can apply for NSIC registration online. This includes businesses in manufacturing, services, or trading. The business must meet the eligibility criteria, including having a valid Udyam Registration certificate.

Also, businesses must stay within the turnover limits for micro and small enterprises (MSEs). They must also meet specific industry and regulatory requirements.

Eligibility Criteria for NSIC Registration

To be eligible for NSIC registration, MSMEs must meet the following criteria:

• Udyam Registration Certificate: The enterprise must be registered under Udyam (earlier known as MSME registration).
• Turnover Limits: The business's yearly income must stay within the limits for micro, small, and medium enterprises (MSEs).
• Functional Business: The enterprise should be functional and engaged in manufacturing or service-related activities.
• Quality Compliance: The business should adhere to quality standards and other regulatory requirements as mandated by the relevant authorities.
• Other Specific Documents: You may need extra documents, such as financial statements, tax filings, and proof of business establishment.

Process of NSIC Registration

The process of obtaining NSIC registration involves the following steps:

1. Prepare Required Documents: Gather all necessary documents, including Udyam Registration certificate, GST registration certificate, audited financial statements, and proof of business ownership.
2. Application Submission: Submit the application form online or offline, along with the required documents to the nearest NSIC office.
3. Verification and Inspection: The NSIC officials will verify the submitted documents and may inspect the business premises to ensure compliance with the eligibility criteria.
4. Fee Payment: Pay the applicable registration fees based on your business's turnover and industry category.
5. Issuance of Registration Certificate: After successful verification, NSIC will issue the registration certificate. This certificate offers business benefits. It allows you to avoid paying an earnest money deposit (EMD). It also provides access to government contracts.
6. Provisional Registration Certificate: In some cases, businesses can apply for a temporary registration certificate. This can happen while they finish all needed paperwork.

Documents Required for NSIC Registration

To apply for NSIC registration, the following documents are typically required:

• Udyam Registration Certificate: Proof of MSME status.
• Business Registration Certificate: Proof of business establishment, such as a partnership deed or certificate of Registration.
• GST Certificate: Proof of GST registration.
• Financial Statements: Audited balance sheets and profit & loss statements for the past three years.
• PAN and Aadhaar Card: Identification proof of the business owner(s).
• Bank Account Details: Bank statement and a cancelled cheque.
• Other Relevant Documents: Depending on the needs of the industry, you may need to provide extra documents.

Validity of NSIC Registration

NSIC registration is valid for 2 years from the date of issuance. Businesses must ensure they renew their registration before its expiry to continue enjoying the associated benefits. The NSIC renewal process involves submitting certain documents and undergoing a verification to ensure compliance with the eligibility criteria.

Why Choose Psr Compliance for NSIC Registration?

Our team of experts dedicates itself to simplifying the NSIC registration process for your business. Here’s why you should choose us:

• Experienced Professionals: We have a team of experienced professionals who specialize in MSME and NSIC registrations.
• End-to-End Assistance: From documentation to application submission, we provide complete support at every step of the process.
• Timely Services: We understand that time is important. We promise to complete your registration quickly.
• Affordable Fees: We offer competitive prices for businesses of all sizes.
• Customer Support: We offer reliable customer support to address any queries or concerns during the registration process.

FAQ

Q1- How to apply for NSIC registration?

Answer: Go to the NSIC website. Fill out the application form. Submit the required documents, such as MSME registration.

Q2- How to get NSIC registration?

Answer: Complete the online application on the NSIC portal, submit the required documents, and get approval.

Q3- How to apply for NSIC Single Point Registration?

Answer: Apply online by filling out the form and providing MSME registration details to participate in government tenders.

Q4- How to apply for NSIC certificate after registration of MSME?

Answer: After MSME registration, apply on the NSIC website by submitting required documents for the certificate.

Q5- How to check SC/ST registration under NSIC?

Answer: Log in to the NSIC portal to verify SC/ST registration by entering business details.

Q6- How to do NSIC registration?

Answer: Apply online via the NSIC portal with the required documents for MSME businesses.

Q7- How to renew NSIC registration?

Answer: Log in to the NSIC portal and submit necessary documents or fees for renewal.

Q8- What are the benefits of NSIC registration in India?

Answer: Benefits include access to government tenders, financial support, and marketing services.

Q9- What is the inspection agency in NSIC registration?

Answer: The authorised body inspects your business facilities and operations during the registration process.

Q10- What is MSE registration with NSIC?

Answer: It allows micro and small enterprises (MSEs) to access government benefits, tenders, and support.

Q11- What is NSIC registration number?

Answer: It is a unique ID issued to businesses registered with NSIC for availing benefits.

Q12- What is the advantage of NSIC registration?

Answer: Benefits include priority in government procurement, financial aid, and marketing assistance.

Q13- What is the need for registration under NSIC?

Answer: It allows MSMEs to access government schemes, tenders, and financial support.

Q14- What is the process for registration of NSIC?

Answer: Submit an online application with necessary documents on the NSIC portal for evaluation.

Q15- What is UAM in NSIC registration form?

Answer: UAM (Udyog Aadhaar Memorandum) is a unique number required for MSME registration.

Q16- Who turnover above 5 crore for eligible NSIC registration?

Answer: Businesses with turnover above ₹5 crore can apply if they meet other NSIC criteria.