​​What exactly does NSIC Registration mean?
The NSIC (National Small Industries Corporation) is a government organization, established in 1955. NSIC is a Micro, Small, and Medium-Sized Enterprise(MSMEs). NSIC is currently a well-known Mini Ratna Public Sector Undertaking (PSU) and is ISO 9001:2015 certified.

NSIC was set up to function as a mediator to help Small Scale Industries and to promote and support the growth of MSMEs operating in India. It offers unified support services for a variety of industries, including marketing, finance, and support services. In order to participate in government purchases, it registers Micro & Small Enterprises under the Single Point Registration Scheme.

​​ Eligibility criteria for obtaining NSIC Registration

Before applying for NSIC registration, the candidate must meet the following criteria:

 1) All Micro Enterprises with an investment in-plant and machinery of up to INR 25 lakhs and an investment in the service sector of up to INR 10 lakhs, OR

 2) All Small Enterprises with an investment in plant & machinery of up to INR 5 crores, or in the service sector with an investment of up to INR 2 crores, OR

 3) Holding an MSME Certificate.

 4) Completed one year of business commencement

​​Schemes Available under NSIC Registration

• 1) Single Point Registration Scheme

• 2) Consortia & Tender Marketing

• 3) Procurement Marketing Scheme

• 4) Performance and Credit Rating Scheme

• 5) Bill Discounting Scheme

• 6) Credit Facilitation by Banks

• 7) Marketing Intelligence

• 8) Raw Material Assistance Scheme

• 9) Procurement and Marketing Assistance Scheme

• 10) Infomediary Services

• 11) Skill Development Service

​​The Advantages of MSME Registration for Small Scale Units

 1) MSME registration holders are able to get loans with interest rates as low as 1.5%.

 2) MAT credit, i.e. minimum alternate tax, can be carried forward for up to five years instead of ten.

 3) Those that have registered as MSMEs are eligible for concessions on patent registration.

 4) MSME registration holders can access the government's e-marketplace and e-tenders through the Udyam Registration Portal.

 5) One-Time Settlement Fee for MSMEs dealing with problems with vendor payments.

 6) The Udyam Registration will assist MSMEs in obtaining benefits from the mentioned government programs.

     *Public Procurement Policy 

    *Credit Guarantee Scheme

    *Credit Linked Capital Subsidy Scheme

 7) MSME-registered organizations are eligible for funding from banks in the priority sector.

 8) The government's security deposit waiver is available to MSMEs, which is beneficial for participating in e-tenders.

 9) Ensures Barcode registration subsidy.

 10) Ensures direct tax exemptions through several types of tax-saving schemes.

 11) Lowering costs for ISO certification.

 12) Reduction in electricity costs.

​​Documents Needed for NSIC Registration

 1) Proof of authorized person's identity and address.

 2) Copy of MSME Registration Certificate.

 3) A signed copy of the PAN and Udyog Aadhaar Memorandum (UAM) Number.

 4) A signed copy of the company location's ownership documentation.

 5) A copy of the sales agreement, if any

 6) Declaration by the Directors, Partners, or Sole Proprietors regarding their ties with large scale Unit(s).

 7) Write-up on the firm's quality control measures for ensuring the quality of raw materials, purchased items for assembly and subassembly, and products/stores in process and finished goods quality control.

 8) A list of the factory's testing and quality control equipment.

 9) A copy of the type test report from an independent lab, if required by the applicable standard.

 10) Proof of the company's existence for at least three years, as well as ownership proof of the raw materials, plant/machinery, equipment, and tools.

 11) Particulars of the manufacturing and service employees.

 12) Details about the entry has been made in the MSME Data Bank.

 13) Memorandum that complies with the application's Performa 'Annexure-F.

 14) Review on quality control measurement methods selected by the firm for quality control.

 15) Audited balance sheet and profit and loss statements for the last three years

 16) Banker’s Certificate.

 17) A copy of the BIS license, if applicable

 18) A copy of ISO 9000

Validity of NSIC Registration 

The NSIC Certificate provided to MSMEs under Single Point Registration is valid for 2 years and is renewed after that time. You should also be aware that the Provisional NSIC certificate provided to MSMEs with a financial limit of INR 5 Lakhs is valid for 1 year from the date of issue.

Functions Performed by NSIC 

 1) NSIC executes multiple development initiatives for MSMEs in order to boost competitiveness.

 2) It provides MSMEs with easier help in the areas of marketing, technology, and finance.

 3) It also helps MSMEs with technical and skill development.

 4) Allows eligible MSMEs to get free tenders.