NSIC Registration in India

Q: 4. What is the prescribed limit for investment in Plant & Machinery for Micro Enterprise in MSMED Act.

<p>Investment in plant &amp; machinery or equipment does not exceed one crore rupees and turnover does not exceed five crore rupees</p>

Q: 5. Can drugs and medicines manufacturing units be considered for registration under SPRS?

<p>MSEs engaged in manufacturing Ayurveda, Siddha, Unani &amp; Homeopathy (ASU&amp;H) Drugs will be considered for enlistment under the Single Point Registration Scheme.</p>

Below, we discuss about the NSIC Registration fees, benefits, documents required & process.

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NSIC Registration (Micro-size MSME)

₹1,559

₹2599 (40% OFF)

NSIC + UDYAM Registration

₹3,599

₹5999 (40% OFF)

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₹4,799

₹7999 (40% OFF)

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NSIC Registration in India: An Introduction

As a small business owner do you want to gain an edge over your competitors?

Are you looking to gain access to government contracts and financing?
Look no further than NSIC Registration.

NSIC stands for National Small Industries Corporation Limited is a government undertaking established to uplift and support the small-scale industry sectors of India.

Registering as an MSME with NSIC allows you to participate in various government tenders without any EMD or fees. It also opens up financial credits for you through various banks. NSIC is always committed to the success of Micro, Small & Medium Enterprises (MSME) and acts as a catalyst in encouraging it.

Registering for NSIC is easy but can be confusing to be covered single-handedly, this becomes a problem for business owners without an adequate team to keep up with the requirements for registration. This article covers all the necessary details you will need for NSIC Registration. Contact Chartered ONE team for fast, smooth & expert filing today!

Who is eligible for NSIC Registration in India?

To proceed with the NSIC Registration in India, you need to qualify for the minimum eligibility criteria:

You must be a Registered Business ( Proprietorship firm, Partnership firm, Pvt Ltd Co, LLP or any other structure)

Engaged in Manufacturing or rendering services.

Holding Udyam Registration Certificate

Note: Traders can't register under this scheme.

Step by Step NSIC Registration Process with Chartered ONE

Step 1: Choose your plan based on your requirements.

Step 2: Consult our NSIC expert for guidance.

Step 3: Make the payment and upload the required documents.

Step 4: Chartered ONE NSIC expert prepares your application for submission.

Step 5: You will receive your NSIC Registration certificate once approved.

Documents Required for NSIC Registration in India

For Proprietorship Firm

The documents required to obtain an NSIC Registration for a proprietorship firm are as follows:

Identity Proof

Self-attested copy of PAN

Proof of Business

Udyog Aadhar or UDYAM certificate
GST Certificate (if any)

Address Proof

Sale Deed or Rent/Lease Agreement
Latest Electricity Bill

Financials Information

Audited Financial Statements of the last 3 years along with Fixed Assets and Revenue from operation schedules
CA certified Results of Operation for the last 3 years (Annexure 'C')

Other Documents

Details of Plant & Machinery ( Annexure 'B'-1)
List of Quality control equipment & Testing Facility in Factory
Bankers report ( Annexure 'E')
Declaration of entry made in MSME Data Bank
Signed Declaration by the applicant MSE unit (Annexure 'D')

For Partnership Firm

The documents required to obtain an NSIC Registration for a Partnership firm are as follows:

Identity Proof

Self-attested copy of Firm PAN
Copy of Partners PAN

Proof of Business

Partnership Deed
Udyog Aadhar or UDYAM certificate

Address Proof

Sale Deed or Rent/Lease Agreement
Utility Bills (electricity, water, telephone, etc.)

Financials Information

Audited Financial Statements of the last 3 years along with Fixed Assets and Revenue from operation schedules
CA certified Results of Operation for the last 3 years (Annexure 'C')

Other Documents

Details of Plant & Machinery ( Annexure 'B'-1)
List of Quality control equipment & Testing Facility in Factory
Bankers report ( Annexure 'E')
Signed Declaration by the applicant MSE unit (Annexure 'D')
General Power of Attorney ( Annexure A(1)

For Limited Liability Partnership

The documents required to obtain an NSIC Registration for a Limited Liability Partnership firm are as follows:

Identity Proof

Self-attested copy of Firm PAN
Copy of Partners PAN

Proof of Business

Certificate of Incorporation (Form 3)
Partnership Deed
Udyog Aadhar or UDYAM certificate

Address Proof

Sale Deed or Rent/Lease Agreement
Utility Bills (electricity, water, telephone, etc.)

Financials Information

Audited Financial Statements of the last 3 years along with Fixed Assets and Revenue from operation schedules
CA certified Results of Operation for the last 3 years (Annexure 'C')

LLP Forms

copy of LLP Form 4: Appointment, consent, cessation, change in name/ address/ designation of partners
copy of LLP Form 2: Incorporation document and subscriber’s statement
copy of LLP Form 8: Statement of Account & Solvency and Charge filing
Copy of LLP Form 11: Annual Return of Limited Liability Partnership (LLP)

Other Documents

Details of Plant & Machinery ( Annexure 'B'-1)
List of Quality control equipment & Testing Facility in Factory
Bankers report ( Annexure 'E')
Signed Declaration by the applicant MSE unit (Annexure 'D')
General Power of Attorney ( Annexure A(1)

For Pvt Ltd & Public Ltd Company

The documents required to obtain an NSIC Registration for a Private Limited Company or Public Limited Company are as follows:

Identity Proof

Certificate of Incorporation
Self-attested copy of Firm PAN

Proof of Business

MOA & AOA
Udyog Aadhar or UDYAM certificate

Address Proof

Sale Deed or Rent/Lease Agreement
Utility Bills (electricity, water, telephone, etc.)

Financials Information

Audited Financial Statements of the last 3 years along with Fixed Assets and Revenue from operation schedules
CA certified Results of Operation for the last 3 years (Annexure 'C')

Other Documents

Board Resolution
List of Directors & their Shareholding
Details of Plant & Machinery ( Annexure 'B'-1)
List of Quality control equipment & Testing Facility in Factory
Bankers report ( Annexure 'E')
Signed Declaration by the applicant MSE unit (Annexure 'D')

For NGO (Trust, Society & Section 8 company)

The documents required to obtain an NSIC Registration for a NGO firm are as follows:

Identity Proof

Registration Certificate
Self-attested copy of Firm PAN
Copy of PAN of all Trustees/members

Proof of Business

Constitution Deed
Udyog Aadhar or UDYAM certificate

Address Proof

Sale Deed or Rent/Lease Agreement
Utility Bills (electricity, water, telephone, etc.)

Financials Information

Audited Financial Statements of the last 3 years along with Fixed Assets and Revenue from operation schedules
CA certified Results of Operation for the last 3 years (Annexure 'C')

Other Documents

Details of Plant & Machinery ( Annexure 'B'-1)
List of Quality control equipment & Testing Facility in Factory
Bankers report ( Annexure 'E')
Signed Declaration by the applicant MSE unit (Annexure 'D')
Resolution of Authorisation
Name of the Executive Body

Table of Content

What is NSIC & its Eligibility Criteria?
Benefits of NSIC Registration
NSIC Registration Fees
NSIC Registration Process
NSIC Schemes
Renewal of NSIC Registration
Calculation & fixation of Monetary Limits of Micro & Small Enterprises
FAQ's

What is NSIC & its Eligibility Criteria?

National Small Industries Corporation (NSIC) is a Government of India entity that comes under the Ministry of Micro, Small, and Medium Enterprises (MoMSMEs). It promotes and supports the growth of MSMEs across the nation in various fields including technology, support services, finance, and marketing. NSIC has also set up training and incubation that is managed by professionals.

NSIC Registration Eligibility Criteria:

All Micro & Small Enterprises having Udyam Registration are eligible for registration with NSIC under its Single Point Registration Scheme (SPRS) provided they are engaged in manufacturing or services. Traders are not eligible for registration under this scheme.

The validity of SPRS Certificate is of 2 years from the date of registration and there after renewed after every two years.

MSEs already commenced their commercial production (Start Ups) but not completed one year of existence are eligible for Provisional Registration for one year. MSEs can apply for full registration after completion of one year.

Benefits of NSIC Registration

Development of Small-Scale Businesses: To develop small-scale businesses, NSIC has reserved 358 items that are to be purchased solely from small-scale Industries. This initiative will help small businesses to have consistent purchase orders and growth without competing with Big Corporations.
Free Allotment of Tenders: NSIC-registered MSMEs are not required to pay any fees to file for Government tenders, helping them to save money.
No EMD Deposit: Normally, businesses that win a tender must pay Earnest Money Deposits (EMD) to show their commitment to the completion of the project. However, NSIC-registered companies are exempt from paying Earnest Money Deposit (EMD).
Consortia Facility: NSIC offers a consortia facility for joint tender marketing in which small businesses can collaborate to bid for large tenders that they cannot afford alone.
Reserved Quota on Government Purchases: The government has made it mandatory that 25% of its annual purchases should be from MSEs, with 4% reserved for SC/ST units and 3% for women-led enterprises.
Infrastructure: NSIC provides capacity-building and business development services to support SMEs.
Banking: NSIC has partnered with banks to provide Credit Facilitation to the SMEs. They also assist with documentation and follow-ups. NSIC-sponsored proposals may receive preferential treatment and qualify for lower interest rates based on their performance rating. MSMEs can apply for new bank accounts or switch to different ones.
RMA against Bank Guarantee: NSIC's Raw Material Assistance Scheme provides financing for raw material purchases. This helps MSMEs focus on manufacturing quality products.
Other Benefits: include financial assistance for up to 180 days, economies of scale, and eligibility for government procurement orders.

NSIC Registration Fees

The registration fee shall be defined based on the MSME’s annual turnover as per the latest audited balance sheet. However, the basic registration fees for Micro & Small Enterprises are mentioned below:

The Single Point Registration Scheme (SPRS) Certificate Registration fee for micro-size entities in India is:
- Rs. 3,000 if their annual turnover is up to Rs. 100 Lakhs.
- Rs. 3,000 + Rs. 1,500 for every additional Rs. 100 Lakhs of turnover.
For Small-size entities, the Registration fee is:
- Rs. 5,000 if their annual turnover is up to Rs. 100 Lakhs.
- Rs. 5,000 + Rs. 2,000 for every additional Rs. 100 Lakhs of turnover.

This could better be understood from the table below:

Category	Turnover up to Rs. 100 Lakh	Turnover above Rs. 100 Lakh
Micro Enterprises	Rs. 3,000	Rs. 3000 plus Rs. 1,500 for every additional turnover of Rs. 100 Lakh
Small Enterprises	Rs. 5,000	Rs. 5000 plus Rs. 2,000 for every additional turnover of Rs. 100 Lakh

Note: The Registration Fee as mentioned is exclusive of the Inspection charges as levied by the inspecting agency. GST will be applicable extra on the charges.

Inspection Charges

These charges are paid in addition to the registration fee.

Rs 2,000 for micro-sized MSME
Rs 3,000 for small-sized MSME

Additional Government Fees

Particulars	Micro-Size Enterprise	Small Size Enterprise
Fee for issuance of amendments in Stores	Rs. 1,500	Rs. 2,500
Fee for issuance of change in monetary limit or any other amendment in the certificate	Rs. 1,500	Rs. 2,500
Fee for issuance of Renewal of Registration	Rs. 1,500	Rs. 2,500

Note: The validity of the Registration Certificate is 2 years and shall be renewed every two years by verifying the technical and commercial competence of the MSME.

NSIC Registration Process

The Process to register for NSIC under the Single Point Registration Scheme (SPRS) is mainly in 5 steps:

Step 1: Obtain Udyam Registration Number

To register for NSIC, the business must have a Udyam certificate. Visit Udyam Registration to learn how to obtain udyam registration and a certificate

Step 2: Register in MSME Data Bank

After obtaining the Udyam registration number, register the business in the MSME Data Bank using your Udyog Aadhar Memorandum (UAM) Number and PAN

Step 3: Complete the Registration Form

Fill out the NSIC registration form.
You must use the Save and Continue option at each step to avoid losing the data entered.
Review your form anytime using the UAM and PAN combination

Step 4: Upload the Documents & pay Fees

Prepare all the required annexures, forms and documents and upload them on the portal. Pay the fees as per the enterprise category (Micro & Small)

Step 5: Third-Party Inspection for Store Items

Businesses dealing with store items will have a third-party inspection. Choose an inspection agency that is within your jurisdiction and specializes in the domain.

Final Certificate

The final certificate will be available online and the also respective NSIC office will send a physical certificate copy by post at the registered address.

NSIC Schemes

To enhance the competitiveness of Micro, Small & Medium Enterprises, NSIC provides integrated support services in the areas of Marketing, Technology, Finance, etc. NSIC is also implementing the Government scheme of National SC/ST. The Company is providing assistance in the following fields:

Marketing Support:
- Single Point Registration Scheme for Government Purchase
- Consortia & Tender Marketing
- Raw Material Distribution
- Digital Services Facilitation (MSME mart, Infomediary and more)
Credit Support to MSMEs:
- Raw Material Assistance against Bank Guarantee
- Credit Facilitation through banks
Support Services:
- National SC/ST Hub
- Infrastructure Services for MSME
- Facilitate Participation in Exhibitions
Technology Support
- Training in various technical trades and entrepreneurship orientation programmes
- Common Facility Services
- Material testing facilities
- NSIC-Training-cum-Incubation Centres (NSIC-TICs) for Small Enterprise Establishment under Public Private Partnership (PPP) Mode

Renewal of NSIC Registration

NSIC SPRS Certificate is valid for 2 years from the date of registration and the registered units can apply for renewal 6 months before the expiry of the certificate.

If the Registered MSEs renew their registration before the expiry of the SPRS certificate, they can avail the discount of 50% on renewal fees.

MSE units not having any change from previously issued certificates can apply for renewal online.

Process of Renewal of NSIC Registration

Step 1: Log in to the Portal

Step 2: Upload the Documents & Pay Fees

Prepare all the required annexures, forms and documents and upload them on the portal. Pay the fees as per the enterprise category (Micro & Small)

Step 3: Third-Party Inspection

Businesses engaged in manufacturing or a combination of manufacturing and services will require to have a third-party inspection. Businesses engaged in rendering services will be required to have a third-party inspection only if there are any changes in the registration. Units gets the option to choose an inspection agency that is within it jurisdiction and specializes in the domain.

Step 4: Final Certificate

The final certificate will be available online and the also respective NSIC office will send a physical certificate copy by post at the registered address.

Calculation & fixation of Monetary Limits of Micro & Small Enterprises

The company's monetary limit is fixed based on the unit's net sales turnover during the last three years reflected in the Audited Balance Sheets.

The monetary limit will be fixed based on the highest turnover during the last three years which may or may not be the last year provided the units installed and operating capacity has not been reduced.

If there is no decrease in plant and machinery, then 50% of the highest turnover during the last 3 years reflected in the audited balance sheet will be the basis for fixation of monetary limit.

In case there is a decrease in plant and machinery of more than 10%, the following will be considered:

If an enterprise's turnover has consistently increased over the last three years and has remained in profits for all these years, the Monetary Limit will be fixed at 50% of net sales turnover achieved in the previous year.
For Companies, Partnership concerns, and Proprietorship units that are in losses for any one year out of the past three years, their monetary limit will be fixed at 40% of their average net sales turnover.
If the Enterprise has losses for two years out of the past three years, the monetary limit will be fixed at 30% of the average net sales turnover of the last three years.
If the Enterprise has losses for all past three years, the monetary limit will be fixed at 20% of the average net sales turnover during the past three years.

Documents you will get after NSIC Registration in India

Sample Document

Conclusion

In conclusion, NSIC Registration under the Single Point Registration scheme offers various benefits to Micro & Small Enterprises (MSEs), including participating in Government tender, EMD exemptions, and advantage of the Public Procurement Policy. SPRS registration empowers the Micro & Small Enterprises to grow and expand. Chartered ONE makes obtaining NSIC registration seamless and hassle-free. With the assistance of Chartered ONE NSIC experts, the entire process becomes smooth and straightforward, ensuring your business is fully equipped to leverage these benefits. Apply for registration today!

FAQ's on NSIC Registration in India

Here are some common questions we receive from our customers. If you have any additional questions, please don’t hesitate to contact us.

1. What is NSIC Registration?

NSIC Registration is a process where Micro, Small, and Medium Enterprises (MSMEs) get themselves enrolled with National Small Industries Corporation. This scheme helps Micro, Small, and Medium Enterprises to avail various benefits and opportunities offered by the government.

2. Does NSIC issues Provisional GP Registration Certificate to Micro & Small Enterprises; if yes what is the criteria?

Yes. NSIC issues Provisional Enlistment Certificate to those MSEs under SPRS who have started the production but not having the audited Balance sheet for the last one year.

3. How much Monetary Limit fixed in Provisional Registration under SPRS ?

Rs 5 lacs is the Monetary Limit fixed in Provisional Registration under Single Point Registration Scheme.

4. What is the prescribed limit for investment in Plant & Machinery for Micro Enterprise in MSMED Act.

Investment in plant & machinery or equipment does not exceed one crore rupees and turnover does not exceed five crore rupees

5. Can drugs and medicines manufacturing units be considered for registration under SPRS?

MSEs engaged in manufacturing Ayurveda, Siddha, Unani & Homeopathy (ASU&H) Drugs will be considered for enlistment under the Single Point Registration Scheme.

6. What is the Single Point Registration Scheme (SPRS) under NSIC?

The Single Point Registration Scheme (SPRS) is a scheme run by NSIC to help MSMEs get government tenders. It simplifies tender processes for small businesses. MSMEs can easily register for SPRS online at www.nsicspronline.com.

7. What are the benefits available for MSMEs registered under NSIC?

Registered MSMEs can bid for government tenders without depositing Earnest Money Deposit (EMD).
NSIC facilitates credit support from banks and financial institutions.
NSIC helps MSMEs by reserving tenders specifically for MSMEs.
Other benefits include marketing assistance, technical support, etc.

8. Who is eligible for NSIC Registration?

Any Micro or Small Enterprise (MSEs) registered under Udyam Registration are eligible for NSIC registration. The businesses must be operational for at least one year and involved in manufacturing or service.

9. How can I apply for NSIC Registration?

To apply for NSIC Registration:

Gather Udyam Registration Number, PAN, GST, and proof of business operations.
Visit the NSIC website and complete the form under SPRS.
Upload the necessary documents along with the application form.
Undergo a business inspection by NSIC officials.
Receive the certificate upon approval.

10. What is the difference between NSIC and Udyam Registration?

Udyam Registration is the basic registration required for an enterprise to be recognized as an MSME in India. It is mandatory for availing government schemes, tax benefits, and subsidies. On the other hand, NSIC Registration is an additional certificate that helps MSMEs to participate in government tenders and access benefits like exemption from EMD. In short, Udyam Registration is the first step for MSME while NSIC registration provides extra advantages to them.

11. How long does it take to get an NSIC certificate?

It usually takes 20-30 days to get NSIC registration from the date of application. This time covers document verification, inspection, and approval. Timely submission of all documents can speed up the process.

12. How much does NSIC Registration cost?

The registration fee for NSIC varies on the annual turnover of the business and the type of enterprise. It includes registration fees, inspection charges, and renewal fees. The exact fee is available on the NSIC website.

13. What is the validity of an NSIC certificate?

An NSIC Registration is valid for two years from the date of registration. After that, it must be renewed by submitting updated documents and a renewal fee.

14. What is the prescribed limit for investment in Plant & Machinery?

For micro enterprise, the permissible limit for investment in plant & machinery or equipment is up to Rs. 25 lakh. And for small enterprises, the prescribed limit for investment in plant & machinery or equipment is above Rs. 25 lakh and up to Rs. 5 crore.

15. Can a trader be registered under NSIC?

No, a trader cannot register under the Single Point Registration Scheme (SPRS) of the NSIC. NSIC registration is only for Micro and Small Enterprises engaged in manufacturing or service.

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