NSIC stands for National Small Industries Corporation. It is a Government of India enterprise that works under the Ministry of Micro, Small and Medium Enterprises (MSME). NSIC helps in growth and promotion of the Micro, Small and Medium Enterprises (MSME) businesses in India. Various schemes are operated by the government to support these small scale industries like Single point Registration for Government Purchase, Performance and Credit Rating Scheme, Marketing Support for small industries and many more.
In this article, we will discuss the procedure, eligibility, and charges for obtaining NSIC registration in India.
What is the NSIC registration Procedure?
NSIC registration is a hassle-free process that can be accomplished by just filling and online application. NSIC registration can be applied by both the manufacturing as well as the service provider enterprises having MSME or Udyog Aadhar registration.
Enterprises having MSME or Udyog Aadhar registration can file an application online or can submit an application by themselves at one of the nearest NSIC offices to obtain NSIC registration certificate.
Once the applicant has submitted their application, the NSIC forwards the application to the zonal or sub-branch office nearest to the applicant to complete all the technical inspection of the unit. If all goes well and the application is submitted in a prescribed format along with all the appropriate documents, NSIC further, grants the registration certificate to the MSME unit. Enterslice team helps you in filing an online application along with all the required documents.
What is the eligibility criterion to register under NSIC?
- All those enterprises whether they are micro or small registered with Director of Industries or District Industries Centre have eligibility to register under NSIC.
- Micro and Small Establishments
who have been in existence for less than 1 year but have started their commercial production to such enterprises, registration can be granted up to limit of RS 5 Lacks that is valid for a time period of 1 year.
What are the NSIC registration charges?
Registration Charges;
NSIC registration charges are based upon the turnover of the business according to the latest audited financial statements. NSIC registration charges can be further divided into three parts given as follows:
Registration Fee
The NSIC registration fee for new registration based on turnover and MSME classification is as follows:
Enterprises with less than Rs.1 Crore Turnovers: fee charges for the Micro enterprises having turnover less than Rs.1 crore is Rs.3000, while small enterprises having a turnover of less than Rs.1 crore are charged Rs.5000.
Enterprises with more than Rs.1 Crore Turnovers: fee for Micro enterprises having turnover more than Rs.1 crore is Rs.3000 plus Rs.1500 for each crore of added in their company’s turnover. Small enterprises having a turnover of less than Rs.1 crore are charged Rs.5000 plus Rs.2000 for each crore of added in their company’s turnover. The total cap set at registration fee is Rs.1 lakhs.
Inspection Charges
After paying for the registration fee, MSME enterprises have to pay for the additional inspection charges, decided accordingly by the inspecting agency. The inspection charges are basically set at Rs.3000 for small enterprises and Rs.2000 for micro-enterprises.
Professional Fee
Lastly, the MSME’s have to pay a professional fee for undertaking a physical inspection to RITES Limited and Consultancy Development Centre. Professional fee charges vary from Rs.8000 for small enterprises and Rs.6000 for micro-enterprises.
Conclusion: National Small Industries Corporation works for the betterment of the micro, small and medium enterprises by launching various schemes that help in their growth and development. Some of the chief schemes launched by NSIC include Single Point Registration, Performance and Credit Rating Scheme and many more. NSIC registration can be obtained online as well as offline. Applicants need to submit a set of required documents to obtain the registration with NSIC. Enterslice enterprises help such applicants to obtain their registration by filing an online application in the prescribed format at their behalf. To know more or to get your registration now, drop a mail to enterslice at info@enterslice.com.
