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Benefits of NSIC Registration in Business

NSIC Registration

· Legal Business

Have you ever heard of NSIC registration? National small industries corporation (NSIC) is the Government of India undertaking under the MSME (Ministry of Micro, Small, and Medium Enterprises). NSIC is the Mini Ratna PSC developed by the Indian Government in 1995. If you wish to know more information on NSIC, then continue reading!

What is the NSIC registration?

NSIC registration scheme has been in use more than 37 years and redesigned in May 1976. It is actually known as NSIC, the single point registration scheme. Service and manufacturing companies, which have Udyog Aadhaar registration are qualified to avail NSIC registration online.

Companies, which have Udyog Aadhaar registration, can apply online or by submitting the application at any one of the NSIC offices. NSIC registration main objective is to promote and develop MSMEs in Indian. It holds ISO 9001:2015 certification for its great efforts in the field of MSMEs advancement.

NSIC registration actually assists the applicant to unite with the difference in MSME relationship in India by working our specific plans such as single point registration for marketing support, government purchase, performance and credit rating scheme, and others.

Who are eligible for NSIC registration in India?

Every one of those undertakings whether it is small or medium organizations enlisted as the director of industries/district industries center is eligible and qualified for the NSIC single point registration scheme. Here, small and medium companies signify who has been in the ground for 1 year and have confinement of over 5 lakhs. This means companies that have more than 5lakhs turnover are qualified for the NSIC registration.

 

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How to perform NSIC registration online?

Do you wish to enjoy nsic registration benefits? Well, you must follow the given NSIC online registration procedure carefully.

  • Firstly, you should visit NSIC official website i.e. www.nsic.con.in
  • Tap on the online registration for GP
  • Fill up all the needed details in the NSIC registration form, press save and then proceed
  • Complete the NSIC registration fee payment
  • Finally, press the submit button
  • You can also do NSIC registration through offline mode but in the fast-paced world, everyone gives preference to online service.

What are the advantages of NSIC registration?

Here are the nsic registration benefits, which you and your business will avail.

Free tenders allotment:- You will avail NSIC registration certification at free of cost

No EMD:- With NSIC registration, you need not pay EMD (earnest money deposit)

SSIs development:- NSIC has probably reserved 318 itens for purchase especially from SSIs (small scale industries) in order to uplift this sector

Better tender allotment:- All MSMEs wish to bid for tender within the normal price cap of L1 + 15% permitted to supply over 20% of the demand by minimizing the price to L1

Reserved quota:- Amongst total annual requirements of 20 percent from MSMEs, 4percent is reserved for the unit possessed by SC/STs

Huge progress of MSMEs:- NSIC generally executes several interconnected aid service related to technology, marketing, financial, and other types of support to MSMEs