NSIC Registration

NSIC Registration under the Single Point Registration Scheme (SPRS) enables Micro and Small Enterprises (MSEs) to participate in government procurement processes. Administered by the National Small Industries Corporation (NSIC), a Government of India enterprise under the Ministry of Micro, Small & Medium Enterprises (MSME), this registration provides MSEs with various benefits, including exemptions and preferential treatment in government tenders.

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Benefits of NSIC Registration

Exemption from Earnest Money Deposit (EMD) in government tenders.
Free issuance of tender documents, reducing procurement costs.
Priority in government purchases, with a minimum of 25% procurement reserved for MSEs.
Price preference: MSEs quoting within L1+15% are eligible to match L1 price and secure orders up to 25% of the tendered quantity.
Increased visibility through inclusion in the NSIC database, accessed by various government departments and PSUs.

Applicability

NSIC Registration is applicable to:

Micro and Small Enterprises (MSEs): Entities engaged in manufacturing or service activities, registered under the MSME Act.
Enterprises with Udyam Registration: MSEs possessing a valid Udyam Registration Certificate.
Businesses with a Minimum of One Year of Operations: Enterprises that have been operational for at least one year and have completed their first financial year.

Process

Eligibility Assessment: Evaluate the enterprise’s eligibility based on its MSME status and operational history.
Document Preparation: Gather necessary documents, including financial statements, Udyam Registration Certificate, and other relevant records.
Application Submission: Complete and submit the NSIC registration application through the official portal.
Inspection and Verification: NSIC conducts a technical inspection of the enterprise’s operations and verifies the submitted documents.
Issuance of NSIC Certificate: Upon successful verification, NSIC issues the registration certificate, valid for two years.

Documents Required

Udyam Registration Certificate
Business PAN Card
GST Registration Certificate
Audited Financial Statements for the Last Three Years
Bank Statements for the Last Six Months
Details of Plant and Machinery
List of Products/Services Offered
Proof of Business Address
Quality Certifications (if any)

What You’ll Get

NSIC Registration Certificate: Valid for two years, renewable upon expiry.
Assistance in Tender Participation: Guidance on leveraging NSIC benefits in government procurement.
Access to NSIC Schemes: Eligibility to participate in various support schemes offered by NSIC.
Enhanced Market Opportunities: Increased visibility and credibility in the market.

Frequently Asked Questions

Have a look at the answers to the most asked questions

Is NSIC registration mandatory for participating in government tenders?

While not mandatory, NSIC registration provides significant benefits, including EMD exemption and price preference, making it advantageous for MSEs in government procurement.

What is the validity period of the NSIC registration certificate?

The NSIC registration certificate is valid for two years and can be renewed upon expiry.

Can a new enterprise apply for NSIC registration?

Yes, enterprises that have commenced commercial production but have not completed one year can apply for Provisional Registration, valid for one year with a monetary limit of ₹5 lakhs.

Is there any fee for NSIC registration?

Yes, NSIC charges a registration fee based on the enterprise’s turnover and other criteria. The fee structure is available on the NSIC website.

How does NSIC registration benefit MSEs in government procurement?

NSIC registration offers benefits like EMD exemption, free tender document issuance, and price preference, enhancing MSEs’ competitiveness in government tenders.