Get a NSIC registration certificate- know complete process

What is the process of obtaining an NSIC registration certificate?

• Eligibility Check: Ensure that your business qualifies as a Micro or Small Enterprise (MSE) according to the definition provided by the government of India.
• 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.
• Application Submission: Submit the completed application form and supporting documents. Ensure that all the information provided is correct and complete.
• 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.
• 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.
• 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?

• 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.
• 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.
• 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.
• 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.
• 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.