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An NSIC certificate enables Micro & Small Enterprises (MSEs) to get registered under the Single Point Registration scheme (SPRS) for participation in Government Purchases and credit rating schemes for small industries. However, under the current rules, traders are not eligible for registration under this Scheme.
If you are a small or medium-sized enterprise looking to compete in the big leagues. Look no further than NSIC registration.By registering with NSIC, you'll gain access to a range of benefits, including marketing assistance, credit facilitation, and technology support. Plus, with NSIC's focus on promoting exports, you'll be able to take your business to new heights on the global stage.
Registrants are allotted Tenders without any cost.
Registered entities are exempted from payment of Earnest Money Deposit (EMD).
In tender, participating MSEs, quoting price within the price band of L1+15 percent, are allowed to supply a portion up to 25% of the requirement by bringing down their price to L1 Price, where L1 is non-MSEs.
Assistance in Marketing, Technology, Finance and other consulting facilities are provided to registrants for Tender Marketing.
• All Micro & Small Enterprises having EM Part-II (Optional)/ Udyog Aadhaar Memorandum (UAM) /Udyam Registration are eligible for registration with NSIC under its Single Point Registration Scheme (SPRS).
• Micro & Small Enterprises who have already commenced their commercial production but have not completed one year of existence. The Provisional Registration Certificate can be issued to such Micro & Small Enterprises under the Single Point Registration scheme with a monitory limit of Rs. 5.00 Lacs Where the MSE is having more than one factory located in the same state or outside the state, all the factories shall be registered at one branch and the application as such shall be considered at one branch only.
• For Micro-Enterprises, investment in Plant & machinery must be up to INR 25 lakhs. For Micro Enterprises in service sector, this limit is up to INR 10 Lakhs only
• For Small Enterprises, investment in Plant & machinery must be up to INR 5 Crore. For Small Enterprises in service sector, this limit is up to INR 2 crores
• Applicant must be in possession of a MSME Certificate.
• Applicant must have completed one year of business commencement.
It is to noted that as per Single Point Registration scheme, Provisional Registration Certificate shall be issued to the MSEs that is yet to complete one year of business commencement.The validity of the SPRS Certificate is of 2 years from the date of registration and thereafter renewed after every two years.
1. Renewal of Registration
• MSEs Units having no change from the previously issued Certificate can apply for renewal online.
• MSE unit can apply for renewal 6 months before the expiry of the certificate. In this case, units get a discount of 50% on the renewal fee
2. Amendments allowed
• Change in Name of the Company or Change in Office Address
• Change in Factory Address of the Company
• Change in Partners
• Change in Directors
• Amendment in Monetary Limit
• Inclusion of Additional Items (Stores)
• Change in Category (SC/ST and General)
Renewal & amendment when both are applied together would attract only Renewal fee.
Self-Attested Documents – Duplicate Copy Required
• Copy of PAN self-attested
• Udyog Aadhar memorandum (UAM) number
• Declaration of entry been made in MSME data bank
• Ownership proof of raw materials, plant/machinery, equipment and tools
• Performance statement, as per application’s Performa ‘annexure-f’
• Ownership documents of the business location self-attested
• Sales deed
• Certificate from the directors, proprietor and partner whether they have any link with large scale unit(s)
Documents Required – Duly Signed By Authorized Person
• Pan
• Utility bill
• Proof of business existence for minimum 3 years
• List of employees working in production and services
• Detail of quality control measurement for quality control taken by firm
• Audited Balance Sheet and P&L statement of last 3 years
No, NSIC registration is not mandatory for all small and medium enterprises, but it is highly recommended as it provides various benefits such as access to government tenders and export promotion schemes.
NSIC offers various schemes for small and medium enterprises such as the Single Point Registration Scheme, Marketing Support Scheme, and Credit Linked Capital Subsidy Scheme. These schemes aim to provide financial assistance and support to small and medium enterprises.
Yes, a small and medium enterprise can register with multiple NSIC schemes to take advantage of the various services and benefits offered.
NSIC assists small and medium enterprises in terms of export promotion by providing them with export promotion schemes, access to international trade fairs and exhibitions, and export credit and financial assistance from various banks and financial institutions.
Yes, small and medium enterprises can get financial assistance from NSIC through schemes such as the Credit Linked Capital Subsidy Scheme, which provides subsidies for the purchase of machinery and equipment.