NSIC Registration- Procedure, Fees and Eligibility

Last Updated On: Aug. 22, 2021, 7:29 p.m.
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NSIC REGISTRATION-PROCEDURE, ELIGIBILITY, FEES

OVERVIEW

NSIC (National Small Industries Corporation Limited) was established in the year 1955. NSIC is operating under Micro, Small and Medium Enterprise (MSMEs). Currenty, NSIC is a reputed Mini Ratna Public Sector undertaking (PSU) and it also holds ISO 9001:2015 Certification.

 

PURPOSE:

NSIC was established to promote and increase the growth of MSMEs operating in India and to act act as a mediator to aid Small Scale Industries. It provides unified support services in various fields that include technology, support service, finance, and marketing. It registers Micro & Small Enterprises under Single Point Registration Scheme for association in Government purchases.

 

To obtain NSIC registration, enterprises having MSME or Udyog Adhaar Registration can apply online or by submitting an application at one of the NSIC offices. On submission of the application, the NSIC forwards the application to an zonal, branch or sub-branch office nearest to the applicant for completing technical inspection of the unit and forwarding of recommendation for NSIC registration. On receiving the inspection report, NSIC grants registration to the MSME unit.

 

Eligibility Criteria for Choosing NSIC Registration?

The applicant shall mandatorily meet these eligibility criteria before applying for NSIC registration-

  • All Micro Enterprises whose investment in- Plant & machinery is up to INR 25 lakhs and In-service sector up to INR 10 Lakhs, OR
  • All Small Enterprises whose investment in Plant & machinery is up to INR 5 Crore, In-service sector up to INR 2 crores, OR
  • Holding MSME Certificate.
  • Completed one year of business commencement.

 

SCHEMES AVAILABLE UNDER NSIC REGISTRATION

There are various schemes under NSIC Registration, they are as follows

  • Single Point Registration Scheme
  • Consortia & Tender Marketing
  • Procurement Marketing Scheme
  • Performance and Credit Rating Scheme
  • Bill Discounting Scheme
  • Credit Facilitation by Banks
  • Marketing Intelligence
  • Raw Material Assistance Scheme
  • Procurement and Marketing Assistance Scheme
  • Infomediary Services
  • Skill Development Service

 

What are The Documents Required?

Documents are the mandatory part of any registration process. This list of documents for the NSIC Registration is listed below:

  • Udyog Aadhaar Information or the Udyog Aadhaar Memorandum
  • Complete details on the equipment and machinery in the premises.
  • ID Proof such as PAN Card
  • Company’s Incorporation certificate
  • MOA (Memorandum of Understanding) and AOA (Article of Association) of the Company.
  • Acknowledgement copy of MSME or SSI registration.
  • Director’s Declaration
  • Plant and machinery details such as the original value of the asset, date of purchase.
  • In stock details of finished goods and raw materials.
  • A copy of ISO 9000
  • A copy of BIS License (Bureau of Indian Standard License).
  • Ownership documents (self-attested)
  • Banker’s report related to the applicant’s financial status.
  • Profit and loss statement audited balance sheet.
  • A list of cities where the services are being provided.
  • Form A provided by the Registrar of firms.

 

What is the procedure for obtaining the NSIC Registration?

  • At first, you need to visit the official portal of NSIC (National Small Industries Corporation).
  • Now, click on the option “Apply online” and upload the documents thereafter.
  • After uploading the documents, you need to fill the required Company details.
  • The next step is to pay the NSIC Registration fee.
  • The NSIC will verify the copy of documents and on successful verification of the documents; the NSIC will issue the license.

 

What is the Registration Fee?

According to the latest audited financial statements, the total charges for the NSIC Registration vary according to the Business turnover. NSIC registration consists of three charges in it, namely registration charges, inspection fee and professional fee.

For businesses with turnover less than 1 Crore –

The micro-enterprises whose turnover is less than INR 1 Crore has to pay the INR 3000 as the registration fee whereas the small enterprises whose turnover is less than INR 1 Crore are charged a fee of INR 5000.

For businesses with turnover more than 1 Crore –

The micro-enterprises whose turnover is more than INR 1 Crore has to pay the INR 3000 plus an additional fee of INR 1500 as the registration fee whereas the small enterprises whose turnover is less than INR 1 Crore are charged a fee of INR 5000 plus an additional fee of INR 2000 for each Crore of turnover.

NOTE – As per the audited financial statement, the total cap registration fee is NR 1 lakh.

Inspection Charges

Inspection charges are paid in addition to the registration fee by the MSMEs. The micro-enterprises need to pay INR 2000 for the micro-enterprises and INR 3000 for small enterprises.

 

 

 

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