NSIC Registration - BDS Legal Services Pvt Ltd

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NSIC Application

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Determine the Application Type
Prepare the Necessary Documentation

Advanced Plan

Create an account
Pre-submission Meetings
Submit the Application
Auditing and Inspection
Follow Up and Respond to Queries
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What is NSIC Registration?

NSIC Registration refers to the registration provided by the National Small Industries Corporation (NSIC), a Government of India enterprise under the Ministry of Micro, Small, and Medium Enterprises (MSME). NSIC promotes and supports the growth of Micro, Small, and Medium Enterprises (MSMEs) by offering a range of services, including marketing support, credit facilitation, technology assistance, and capacity-building programs.

NSIC registration is particularly important for small businesses looking to enhance their market presence, access government procurement, and avail several benefits provided under the Public Procurement Policy for MSEs.

Key Features and Benefits of NSIC Registration:

Single Point Registration Scheme (SPRS):

The NSIC operates the Single Point Registration Scheme (SPRS) for participation in government purchases.
MSEs registered with NSIC are eligible to participate in government tenders without paying Earnest Money Deposit (EMD).
MSEs get exemption from submitting tender fees.
They are also entitled to free tenders, boosting opportunities for government contracts.

Benefits under Public Procurement Policy:

NSIC-registered MSMEs are given special preference in government procurements.
A minimum of 25% of annual procurement by Central Ministries, Departments, and PSUs is reserved for MSEs.
Out of this 25%, 3% is reserved for women-owned MSEs and 4% for SC/ST entrepreneurs.

Credit Support:

NSIC provides credit facilitation to MSMEs by helping them secure finance under various schemes and partnerships with banks.
It offers assistance in terms of working capital, raw materials, and term loans to registered MSMEs.

Marketing Assistance:

NSIC offers registered MSMEs access to exhibitions, trade fairs, and buyer-seller meets, allowing them to showcase their products and build a larger network.
The Consortia and Tender Marketing Scheme helps MSEs participate in large tenders by forming consortia of multiple small businesses.

Raw Material Assistance:

Through NSIC, MSMEs can access raw materials at competitive prices. NSIC arranges the supply of materials on a credit basis, assisting businesses in managing their inventory and cash flow.

Technology Support:

NSIC provides technology-related services, including training programs, quality testing, and access to technology incubation centers. This helps MSMEs adopt modern technologies and improve their product quality.

Credit Rating Subsidy:

NSIC-registered enterprises are eligible for subsidies on credit ratings through recognized rating agencies, giving them a financial advantage and enhanced market credibility.

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NSIC Application

Basic Plan

Advanced Plan

"Preferred Client Combos"

What is NSIC Registration?

Key Features and Benefits of NSIC Registration:

Documents Required for NSIC Registration

Eligibility for NSIC Registration

Process for NSIC Registration

Importance of NSIC Registration

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