Get a NSIC registration certificate- know complete process

What is the Single Point Registration Scheme under NSIC?

The Single Point Registration Scheme (SPRS) is a scheme introduced by the National Small Industries Corporation (NSIC) in India. It aims to facilitate the participation of Micro and Small Enterprises (MSEs) in government tenders and procurement processes. Under this scheme, MSEs can obtain a unique registration certificate from NSIC, which serves as proof of their eligibility to participate in various government tenders.

The SPRS simplifies the tendering process for MSEs by providing them with certain benefits and exemptions. MSEs registered under the SPRS enjoy advantages such as exemption from Earnest Money Deposit (EMD), access to free tender sets, consortia facility for tender marketing, and mandatory procurement from government agencies. These benefits enhance the competitiveness of MSEs and create opportunities for their growth and development.

The NSIC, through the SPRS, plays a crucial role in promoting the growth of MSEs by providing them with a platform to showcase their capabilities and secure government contracts. The scheme aims to foster a favourable business environment for MSEs and contribute to their overall development in the country.

The NSIC Certificate is valid for a period of 2 years from the date of registration and can be renewed every two years thereafter.

What is the eligibility criteria to get an NSIC registration certificate?

Following are the eligibility criteria for NSIC registration:

• Micro and Small Enterprises (MSEs) engaged in manufacturing and services are eligible to apply for NSIC registration.
• Medium Enterprises are not eligible for registration under the NSIC scheme.
• Traders are not eligible to apply for registration under this scheme.
• MSEs that have already started producing commercially (Start Ups) but haven't yet reached their first year of operation are eligible for provisional registration for a year. After one year, MSEs can seek full registration.

From the table below, you may determine your company's MSME categorization.

Fee for NSIC Registration

For the purposes of registration, renewal, and any other amendments, etc., the registration fee is based on the turnover as reported on the Micro & Small Enterprise's most recent audited balance sheet.

 The fee structure is indicated in the table below for Micro & Small enterprises.

 Notes:

• 18% GST will be applicable to the above fee.
• Grace period of one month after the expiry of NSIC registration certificate is available.
• Renewal after grace period but before 2 years of expiry of registration, fee as applicable on fresh registration will be charged.
• 50% discount is available if renewed before the expiry of the certificate.
• Women business owners, Scheduled Caste, Scheduled Tribe business owners, and MSEs located in the North Eastern Region are eligible for a NSIC fee discount.

What is the process of obtaining an NSIC registration certificate?

The process of obtaining an NSIC (National Small Industries Corporation) registration certificate involves the following steps:

1. Eligibility Check: Ensure that your business qualifies as a Micro or Small Enterprise (MSE) according to the definition provided by the government of India.
2. Documentation: Gather the necessary documents required for NSIC registration, such as business registration certificates, PAN card, Aadhaar card, bank statements, audited financial statements, ownership proof, and other relevant documents.
   Registration Fee Payment: Pay the prescribed registration fee based on the category and turnover of your Micro or Small Enterprise (MSE). The fee can be paid online through the designated payment gateway.
3. Application Submission: Submit the completed application form and supporting documents. Ensure that all the information provided is correct and complete.
4. Application Processing: The NSIC authorities will review your application and documents. 
   Inspection: After verifying the documents, an inspection is conducted at the office or factory premises to confirm the accuracy of the information provided in the application. An inspector assesses the premises and submits an inspection report along with the audit findings to the NSIC office. This step ensures that the application is genuine and helps evaluate the operational capabilities of the business seeking NSIC registration.
5. Registration Certificate Issuance: Upon successful verification and approval, the NSIC registration certificate will be issued to your business. This certificate serves as proof of your eligibility for participating in government tenders and availing various benefits.
6. Registration Renewal: Remember to renew your NSIC registration before its expiry date, typically every two years, to maintain its validity and continue accessing the benefits provided under the scheme.

What are the benefits of having an NSIC registration?

With NSIC registration, you can enjoy the following advantages:

1. Free Tender Sets: Gain a competitive edge by receiving tender sets free of cost. This benefit allows you to explore and participate in lucrative government tenders without the burden of additional expenses.
2. Exemption from Earnest Money Deposit (EMD): Save valuable financial resources by availing yourself of the exemption from EMD. This waiver empowers you to allocate your funds strategically and invest in the growth of your business.
3. Enhanced Tender Participation: NSIC registration enables you to compete effectively in tenders. By quoting prices within the price band of L1+15 percent, MSEs have the opportunity to supply up to 25 percent of the requirement by matching the L1 Price offered by non-MSEs. This advantage opens doors to secure valuable contracts and expand your customer base.
4. Consortia Facility for Tender Marketing: Collaborate with other MSEs through the Consortia Facility for Tender Marketing. This platform enables MSEs to join forces and enhance their chances of winning tenders. By pooling resources and expertise, you can showcase your collective strength and increase your visibility in the market.
5. Mandatory Procurement: Central Ministries, Departments, and Public Sector Undertakings (PSUs) are obligated to fulfill a certain percentage of their annual purchases from MSEs. NSIC registration ensures that you become a preferred supplier, as 25 percent of their procurement is earmarked for MSEs. Furthermore, 4 percent of this allocation is reserved for units owned by Scheduled Castes/Scheduled Tribes, while 3 percent is designated for units owned by Women entrepreneurs.

Don't miss out on the immense benefits that NSIC registration offers to Micro and Small Enterprises. Take the first step towards unlocking opportunities for your business today. Register with NSIC and witness your business soar to new heights.

What are the documents needed to apply for NSIC registration?

The following documents are required for NSIC registration:

• MSME Certificate
• List of Plant/Machinery/Equipments
• Details of orders executed in past
• Company registration documents
• Address Proof
• ISO/ISI Mark Certificate 
• Company Financial Documents
• Company PAN Card
• Banker Certificate
• List of technical personnel employed