NSIC Registration

What are the 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.

Note-The Provisional Registration Certificate shall be issued to the MSEs under the Single Point Registration scheme, which has not completed one year of business commencement.

What are the Schemes Available under NSIC Registration?

There are various schemes under NSIC Registration, which 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 Documents are required for NSIC Registration?

The documents required for NSIC registration are mentioned-below:-

• Identity proof and address proof of the authorized person.
• Copy of Acknowledgement of MSME registration
• A Signed copy of PAN, Udyog Aadhaar Memorandum (UAM) Number,
• A Signed copy of ownership documents of the business location (CoI),
• Copy of sales deed, if any
• Declaration from the Directors, Partners, or Sole proprietor that whether or not they have any link with large scale Unit(s).
• Write-up on quality control measures adopted by the firm for ensuring quality of raw material, bought out item (s) for assembly and sub assembly and for products/stores in process and the finished products quality control
• List of quality control equipment and testing facility available in factory
• Copy of type test report from Independent lab, where applicable as mentioned in relevant standard.
• Business existence proof for a minimum of 3 years along with the proof of ownership of raw materials, plant/machinery, equipment, and tools.
• Particulars of employees involved in production and services.
• Particulars of entry have been made in MSME Data Bank.
• Memorandum as per application’s Performa ‘Annexure-F.
• Review on quality control measurement chooses by the firm for quality control.
• Audited balance sheet and P&L for the previous 3 years.
• Banker’s Certificate.
• Copy of BIS license, if applicable.
• Copy of ISO 9000 (not obligatory).

What are Functions Performed by NSIC?

Below-mentioned are the functions of NSIC:-

• To enhance competitiveness, NSIC runs various development schemes for MSMEs.
• It provides unified support services to MSMEs in Marketing, Technology, and finance.
• It also provides technical and skill development to MSMEs.
• Enables the allotment of tenders free of cost to eligible MSMEs