NSIC REGISTRATION-PROCEDURE, ELIGIBILITY, FEES
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.
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-
SCHEMES AVAILABLE UNDER NSIC REGISTRATION
There are various schemes under NSIC Registration, they are as follows
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:
What is the procedure for obtaining the NSIC Registration?
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 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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