Patna Consultant

NSIC Registration

We provide NSIC registration in Patna Bihar. We are best consultant providing NSIC registration services in Patna, Bihar. NSIC registration is single point registration scheme with Government of India. NSIC registration scheme is starts in 1955-56. It is beneficial for small and medium enterprises. We will give you all information about NSIC registration in this article in brief.

NSIC Registration

NSIC (National Small Industries Corporation) registration means, registration with central government of India. NSIC is an enterprise of Government of India under Ministry of Micro, Small and Medium (MSME). NSIC helps in promote and faster growth of MSME business. Government of India is single largest buyer of variety of goods, with a view to increase the share of purchase from the MSME sector of India. Both manufacturing and service provider business entities having MSME or Udhyog Aadhar registration are eligible for obtaining NSIC registration. For obtaining NSIC registration, business entities having MSME registration can apply online or filing of an application at NSIC branch office. After submission of the application NSIC branch office send technical department for inspection to the applicant. After inspection, the technical department sends the copy of inspection report to NSIC branch office.

Advantage of NSIC Registration

  1. Government tenders at free of cost.
  2. Exempt from earnest money deposit.
  3. Exempt from security money deposits.
  4. Items are reserved for exclusive purchase from MSME/SSI Units by Government of India.

Documents Required for NSIC registration

  1. Copy of MSME registration.
  2. Details of Plant and Machinery.
  3. Details of rew materials.
  4. Copy of rent agreements and Electricity Bill of Premises.
  5. Audited balance sheets and profit and Loss .
  6. Copy of Pan Card.
  7. Copy of bankers Report.
  8. Incorporation certificate.
  9. Moa and AOA of company.
  10. Copy of test report from independent lab.
  11. List of quality control equipments.
  12. Items for which registration required details.

Procedure of NSIC registration

  1. Documents preparation.
  2. Online filing with all documents( in some cases application form submitted to NSIC branch office)
  3. Fee payment.
  4. Inspection done by Department of NSIC.
  5. After receiving inspection report NSIC issue registration certificate.

NSIC registration is beneficial for all manufacturing and service sector business entities having MSME registration. Online filing system of NSIC registration is available for all MSMEs. So it is good for all Small Scale industries. We will do your work. Send us all documents with sign and stamp through emails. Pay our fee online. No need to visit our office.

In a country like India, where small and medium enterprises (SMEs) form the backbone of the economy, initiatives that support their growth and development are essential. The National Small Industries Corporation (NSIC) plays a significant role in this regard, offering a range of services and support to SMEs across various sectors. NSIC registration is a crucial step for SMEs seeking to leverage the benefits and opportunities provided by this government initiative. In this blog post, we will delve into what NSIC registration entails, its significance for SMEs, and the step-by-step process for obtaining it in India.NSIC registration

Chapter 1: Understanding NSIC Registration

1.1 What is NSIC? The National Small Industries Corporation (NSIC) is a government-owned enterprise under the Ministry of Micro, Small, and Medium Enterprises (MSME). Established in 1955, NSIC is dedicated to promoting the growth and development of small-scale industries in India through various initiatives, including financial assistance, marketing support, technology upgradation, and capacity building.

1.2 Significance of NSIC Registration: NSIC registration offers SMEs access to a range of benefits and opportunities aimed at enhancing their competitiveness and sustainability. These include preferential procurement from government agencies, participation in domestic and international trade fairs, access to credit and finance schemes, and technical support for technology upgradation and quality improvement.

Chapter 2: Benefits of NSIC Registration

2.1 Preferential Procurement: NSIC-registered SMEs are eligible for participation in government procurement tenders under the Public Procurement Policy for MSEs, which mandates a certain percentage of purchases from MSEs by central ministries, departments, and public sector undertakings.

2.2 Marketing Support: NSIC facilitates the marketing of products and services offered by MSEs through various channels, including exhibitions, trade fairs, buyer-seller meets, and e-commerce platforms, both domestically and internationally.

2.3 Access to Finance: NSIC collaborates with financial institutions and banks to provide credit and finance schemes tailored to the needs of MSEs, including term loans, working capital finance, and assistance for technology upgradation and modernization.

2.4 Technology Upgradation: NSIC offers technical support and consultancy services to MSEs for technology upgradation, quality improvement, productivity enhancement, and compliance with regulatory standards, thereby enhancing their competitiveness in the market.

Chapter 3: Eligibility Criteria for NSIC Registration

3.1 Classification as Micro or Small Enterprise: To be eligible for NSIC registration, an enterprise must qualify as a micro or small enterprise (MSE) under the definition provided in the Micro, Small, and Medium Enterprises Development (MSMED) Act, 2006.

3.2 Valid Udyog Aadhaar Memorandum (UAM): Applicants must have a valid Udyog Aadhaar Memorandum (UAM) or Entrepreneurship Memorandum (EM) issued by the Ministry of MSME, Government of India, as proof of their status as an MSE.

Chapter 4: Process of Obtaining NSIC Registration

4.1 Online Application Submission:

4.1.1 Registration on NSIC Portal: Applicants must register on the NSIC portal (www.nsic.co.in) by providing basic details such as name, email, and contact information to create an account.

4.1.2 Application Form Submission: Complete the online application form for NSIC registration, providing details such as enterprise classification (micro or small), Udyog Aadhaar Number (UAN), business activities, infrastructure facilities, turnover, and investment in plant and machinery.

4.1.3 Document Upload: Upload scanned copies of supporting documents, including Udyog Aadhaar Memorandum (UAM), PAN card, GST registration certificate, proof of ownership/lease of premises, bank statement, and other relevant documents.

4.2 Verification and Approval:

4.2.1 Application Processing: NSIC verifies the information provided in the application and conducts a due diligence process to assess the eligibility of the applicant for NSIC registration.

4.2.2 Site Inspection: In some cases, NSIC may conduct a site inspection of the applicant’s premises to verify the infrastructure facilities, manufacturing capabilities, and compliance with regulatory standards.

4.2.3 Approval and Issuance of Certificate: Upon successful verification and approval, NSIC issues the NSIC registration certificate to the applicant, confirming their registration as an MSE with NSIC.

Chapter 5: Post-Registration Obligations and Responsibilities

5.1 Compliance with Terms and Conditions: Registered MSEs must comply with the terms and conditions stipulated by NSIC, including timely renewal of registration, adherence to quality standards, and submission of periodic reports and returns.

5.2 Utilization of Benefits: MSEs should actively utilize the benefits and opportunities provided by NSIC, such as preferential procurement, marketing support, access to finance, and technology upgradation, to enhance their growth and competitiveness.

Chapter 6: Conclusion

In conclusion, NSIC registration offers a gateway to growth and development for small and medium enterprises (SMEs) in India. By leveraging the benefits and opportunities provided by NSIC, MSEs can enhance their competitiveness, expand their market reach, and achieve sustainable growth. The streamlined process of NSIC registration, coupled with the array of support services offered by NSIC, makes it an invaluable resource for MSEs seeking to thrive in today’s competitive business environment. As a key enabler of entrepreneurship and innovation, NSIC plays a pivotal role in fostering economic growth, job creation, and social development in India.

In the vibrant landscape of Indian entrepreneurship, small businesses are the backbone of economic growth, innovation, and employment generation. However, navigating the competitive market can be challenging for these enterprises, especially when it comes to accessing opportunities and resources. The National Small Industries Corporation (NSIC) offers a valuable solution through its registration program, providing small businesses with a gateway to growth and sustainability. In this blog post, we’ll delve into the compelling reasons why obtaining NSIC registration is crucial for small businesses in India.

Chapter 1: Access to Government Procurement Opportunities

1.1 Preferential Treatment: NSIC-registered small businesses enjoy preferential treatment in government procurement processes. According to the Public Procurement Policy for Micro and Small Enterprises (MSEs), a certain percentage of purchases by central ministries, departments, and public sector undertakings must be from MSEs, giving registered businesses a competitive edge in securing government contracts.

1.2 Expansion of Market Reach: By participating in government tenders and contracts, NSIC-registered businesses gain access to a vast market of government agencies and departments. This not only diversifies their customer base but also provides stability and reliability in terms of revenue generation.

Chapter 2: Enhanced Credibility and Trustworthiness

2.1 Assurance of Quality and Reliability: NSIC registration signifies compliance with certain quality standards and regulatory requirements, enhancing the credibility and trustworthiness of registered businesses in the eyes of customers, suppliers, and partners. This stamp of approval can significantly bolster the reputation and brand image of small businesses.

2.2 Facilitation of Financial Assistance: Banks and financial institutions often view NSIC registration as a positive indicator of the creditworthiness and viability of small businesses. Consequently, registered businesses may find it easier to access financial assistance, including loans, working capital, and investment funds, to support their growth and expansion initiatives.

Chapter 3: Marketing Support and Exposure

3.1 Showcasing Products and Services: NSIC facilitates the marketing of products and services offered by registered businesses through various platforms such as exhibitions, trade fairs, buyer-seller meets, and e-commerce portals. This exposure not only increases visibility but also opens doors to potential partnerships, collaborations, and business opportunities.

3.2 Networking and Collaboration: Participation in NSIC-sponsored events and initiatives provides registered businesses with valuable networking opportunities to connect with industry peers, potential clients, investors, and stakeholders. These interactions can lead to collaborations, joint ventures, and strategic alliances that fuel business growth and innovation.

Chapter 4: Access to Technical and Financial Assistance

4.1 Technology Upgradation and Modernization: NSIC offers technical consultancy services and assistance for technology upgradation and modernization to registered businesses. This support helps businesses adopt best practices, improve efficiency, and stay competitive in an ever-evolving marketplace.

4.2 Financial Subsidies and Incentives: Registered businesses may avail themselves of various financial subsidies, incentives, and schemes offered by NSIC to support their growth initiatives. These include subsidies for technology upgradation, marketing assistance, export promotion, and capacity building, among others.

Chapter 5: Compliance with Regulatory Requirements

5.1 Adherence to Legal and Statutory Obligations: NSIC registration ensures that businesses comply with certain legal and statutory obligations prescribed by regulatory authorities. This includes adherence to quality standards, environmental regulations, taxation laws, and other compliance requirements, thereby mitigating legal risks and liabilities.

5.2 Streamlined Documentation and Reporting: NSIC provides registered businesses with guidance and support in maintaining accurate records, filing reports, and fulfilling regulatory obligations in a timely manner. This streamlines administrative processes and reduces the burden of compliance on small businesses.

Chapter 6: Conclusion

In conclusion, obtaining NSIC registration is not just a bureaucratic formality but a strategic move for small businesses aiming to thrive in a competitive market environment. From gaining access to government procurement opportunities and enhancing credibility to receiving marketing support and technical assistance, the benefits of NSIC registration are multifaceted and far-reaching. By leveraging the resources and opportunities provided by NSIC, small businesses can unlock their full potential, expand their market presence, and achieve sustainable growth and success. As a catalyst for entrepreneurship and innovation, NSIC plays a pivotal role in driving economic development, job creation, and inclusive growth in India. Therefore, small businesses should seize the opportunity to get NSIC registration and embark on a journey towards prosperity and resilience.