NSIC Registration

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About NSIC

NSIC Registration

National Small Industries Corporation Ltd. (NSIC), is an ISO 9001-2008 certified Government of India Enterprise under Ministry of Micro, Small and Medium Enterprises (NSIC). NSIC operates through countrywide network of offices and Technical Centres in the Country. NSIC has set up Training cum Incubation Centre & with a large professional manpower, NSIC provides a package of services as per the needs of NSIC sector.

FAQ

What is NSIC ?
National Small Industries Corporation Ltd. (NSIC), is an ISO 9001-2008 certified Government of India Enterprise under Ministry of Micro, Small and Medium Enterprises (NSIC).
Why should an NSIC get registered?
The units registered under Single Point Registration Scheme of NSIC are eligible to get the benefits under “Public Procurement Policy for Micro & Small Enterprises (MSEs) Order 2012” as notified by the Government of India, Ministry of Micro Small & Medium Enterprises, New Delhi vide Gazette Notification dated 23.03.2012.
What is a micro enterprise under the NSIC Act?
A Micro Enterprise in the manufacturing sector is an enterprise with less than Rs. 25 lakhs of investment in plant & machinery. A Micro Enterprise in the service sector is an enterprise with less than Rs. 10 lakhs of investment in plant & machinery.
What is a small enterprise under the NSIC Act?
A Small Enterprise in the manufacturing sector is an enterprise with more than Rs. 25 lakhs but not exceeding Rs. 5 crores of investment in plant & machinery. A Small Enterprise in the service sector is an enterprise with more than Rs. 10 lakhs but not exceeding Rs. 2 crores of investment in plant & machinery.
What is a medium enterprise under the NSIC Act?
A Medium Enterprise in the manufacturing sector is an enterprise with more than Rs. 5 crores but not exceeding Rs. 10 crores of investment in plant & machinery. A Medium Enterprise in the service sector is an enterprise with more than Rs. 2 crores but not exceeding Rs. 5 crores of investment in plant & machinery.
What are the documents required for NSIC Registration?
To obtain NSIC registration, proof of address of business, proof of identity of the promoters and constitution of the business [Partnership deed, Incorporation Certificate, etc.,] is required. Additional documents may be required based on the State in which the NSIC Registration is sought.
What are the benefits of NSIC Registration?
It is beneficial for business at it provides a range of benefits such as eligibility for lower rates of interest, excise exemption scheme, tax subsidies, power tariff subsidies, capital investment subsidies and other support
What is the validity of NSIC Registration?
NSIC Registration is first provided as a Provisional Registration Certificate with a validity of 5 years. Once the unit has commenced production, a Permanent Registration Certificate is issued which is valid for lifetime of the entity.
What if the Enterprise crosses the threshold limit of NSIC Act?
If the business grows and investment is more than Rs.10 crores in plant and machinery in case of manufacturing entity and more than Rs.5 crores in plant and machinery in case of service entity, the enterprise should apply for de-registration.
What is the time required to obtain the NSIC Registration?
NSIC Registration can normally be obtained in 15 to 20 working days.

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