Brief Explanation of National Small Industries Corporation Registration in India
National Small Industries Corporation is known as National Small Industries Corporation and is regulated by the India Government. Aim of establishment of National Small Industries Corporation is grow of Micro and Small Enterprises through promotion of their products.
Through the operation of several schemes as mentioned below, the core objective of National Small Industries Corporation (National Small Industries Corporation) is to grow the industries registered under Micro, Small and Medium Enterprises in India:
- Scheme of Registration under Single Point
- Scheme of Performance and Credit Rating
- Scheme of Consortia & Tender Marketing
- Assistance on Raw Material
- Hubs of National Scheduled Caste and Scheduled Tribe
- Services of Marketing Intelligence, etc.
Services such as technological, marketing, financial, and other allied services are being offered by the National Small Industries Corporation (National Small Industries Corporation) as a leading organization to promote the growth of Indian (Micro, Small and Medium Enterprises) MSMEs.
Advantages of registration under Single Point Scheme of National Small Industries Corporation (National Small Industries Corporation)
In order to enjoy various benefits offered by the single point scheme which are mentioned below, one has to take the registration under single point scheme of National Small Industries Corporation (National Small Industries Corporation).
No Cost of Information regarding Tender
No cost is involved in issuing the tender. Additional 358 items from the Small Scale Industries sector are kept a side for exclusive purchase along with the Micro, Small and Medium Enterprise (MSMEs) products.
Earnest Money Deposit (EMD) exemption
Enterprises do not need to pay Earnest Money Deposit (EMP) if Enterprises are registered under National Small Industries Corporation (National Small Industries Corporation).
In case of Participation in Tender
Where the quoting prices lies within the band of L1 + 15% in case of micro and small enterprises during the participation in tenders then such enterprises are eligible to supply up to 25% of the requirement by curtailing their quotation to L1, and the L1 is non-Micro and Small Enterprises (MSEs).
Procurement from Micro and Small Enterprises(MSEs)
Every Department/Central Ministries/PSUs are required to set up at least 25% of the total annual purchase of the product or services manufactured or delivered by the Micro and Small Enterprise (MSEs). 3% belongs to the units owned and managed by Women entrepreneurs and 4% belongs to the units owned and managed by Schedule Caste/Scheduled Tribes out of that 25% of annual procurement from Micro and Small Enterprises (MSEs).
Who all are eligible to obtain registration under National Small Industries Corporation (National Small Industries Corporation)?
The following mentioned criteria make an individual to obtain registration under National Small Industries Corporation (National Small Industries Corporation):
- Registration under Single Point Scheme which is established under National Small Industries Corporation can be obtained by the Micro &Small Enterprises and condition is that such enterprises are required to hold Udyog Aadhaar Memorandum (UAM) or EM Part-II.
- Enterprises (Micro and Small Enterprises) that have commenced their commercial production but have not completed 1 year of their commencement, the provisional registration certificate of National Small Industries Corporation can be granted to them under Single Point Registration Scheme with INR. 5, 00,000 which shall be valid for 1 year.
Which documents are need to be submitted to obtain registration under National Small Industries Corporation (NSIC)?
Concerned authority required certain following documents to obtain registration under National Small Industries Corporation:
- Information of plant & machinery such as purchase date, the original value of the asset, depreciation, sale value (if any) etc.
- Company's Incorporation Certificate.
- Company's Memorandum of Association (MOA) and Article of Association (AOA).
- Self-attested documents regarding ownership of company.
- Any Connection with the large-scale unit then Declaration shall be provided by the Director or Proprietor of the company.
- Financial status of the applicant shall be disclosed through Bank Statement/ Banker's report.
- Details regarding raw material and finished goods of the enterprises.
- PAN (Permanent Account Number) Card Copy.
- Company's audited Income Statement and Position Statement.
- Details regarding cities or places where the services are required to be made available.
- Disclosing the items for which registration is available.
- BIS (Bureau of Indian Standards) License Copy where applicable
- International Organization for Standardization (ISO) 9000 Copy (optional)
- Partner's name which is shown in Form 'A' obtained from the Registrar of Firms.
- Independent lab's Test report, as applicable.
- Other necessary documents, as requested by the authority.
What are the necessary steps for obtaining the registration under National Small Industries Corporation (NSIC)?
Both online as well offline registration under National Small Industries Corporation are available. You have to follow steps as mentioned below.
Step 1: Online/offline registration of National Small Industries Corporation.
Online mode of taking registration can be done on the official website of the National Small Industries Corporation and application through offline mode is filed through the prescribed application form, which can be downloaded from the website.
You can also obtain application form by submitting the requisite fees and necessary documents to the National Small Industries Corporation offices.
Step 2: Forwarding application to the Inspecting Agency
Required documents and proof of inspection charges as well as copy of application form of G.P. Registration are forwarded to the Inspecting Agency.
Inspecting authority carries out the technical inspection process of the Micro, Small and Medium Enterprises and settles the charges. Moreover inspecting authority forwards their endorsement regarding the same.
Step 3: Registration Certificate of Single Point is issued
Registration certificate of Single Point Scheme is granted to Micro, Small Enterprises (MSE) after receiving the inspection report by the National Small Industries Corporation (NSIC).
How long the registration Single Point Scheme remains valid?
Registration certificate granted under National Small Industries Corporation to the Micro and Small Enterprises remains valid for a period of 2 years and the same has to be renewed and reviewed after every 2 years.
But where the provisional certificate with a monetary limit of INR. 5, 00,000 has been issued to Micro and Small Enterprises under Single Point Scheme remains valid for a period of 1 year.