NSIC Registration

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What is all about NSIC Registration?

National Small Industries Corporation was established by the Government of India in 1955. Today, NSIC is a reputed Mini Ratna PSU that also possesses ISO 9001:2015 certification.

In order to promote small & growing entrepreneurs in post-independent India, the Government of India has set up NSIC, which acts as an intermediary to provide assistance to small scale industries (SSI). The MSEs having NSIC Registration can get access to numerous developmental schemes of the government and achieve tremendous growth in their business.

Some functions of NSIC are mentioned below:

  • NSIC runs various developmental schemes for MSMEs as to enhance their competitiveness.

  • NSIC provides integrated support services to MSMEs in relation to Marketing, Technology, Finance.

  • NSIC provides training and skill development to the MSMEs in India.

NSIC Registration Benefits

   No EMD deposit

MSMEs with NSIC registration need not pay Earnest Money Deposit (EMD). This is taken from the bidder, to assure his sincerity in a deal.

   Free allotment of tenders

One of the key benefits of NSIC registration is that it enables the allotment of tenders totally free of cost to eligible MSMEs.

   Assistance in Government tenders

All MSMEs bidding for tender within the price cap of L1+15% are allowed to supply up to 20% of the demand by reducing the price to L1.

   The reserved quota

Out of the total annual requirement of 20% supplies from MSMEs, 4% is reserved for the units owned by SC/STs.

   Development of SSIs

Notably, NSIC has reserved 358 items for purchase particularly only from (Small Scale Industries) SSIs as to uplift this sector.

   Overall progress of MSMEs

NSIC executes various interconnected aid services concerning Marketing, Technology, Finance and other kinds of support to MSMEs

Documents required for NSIC Registration

  • Copy of PAN card in Business name
  • MSME registration /Udyog Aadhar Certificate
  • GST Registration Certificate
  • Details of directors/partner/owner
  • Details of plant & machinery
  • List of technical personnel employed in production and services