NSIC Registration

The National Small Industries Corporation (NSIC) plays a crucial role in promoting and supporting the growth of small-scale industries in India. Through its registration process, NSIC offers various benefits to small and medium enterprises (SMEs), helping them compete in the marketplace and access essential resources. In this guide, we’ll explore everything you need to know about NSIC registration, including its benefits, the registration process, eligibility criteria, and frequently asked questions.

NSIC, a government enterprise under the Ministry of Micro, Small, and Medium Enterprises (MSME), provides a wide range of services to promote, support, and foster the growth of small enterprises. NSIC registration is a certification that enables small businesses to avail of numerous benefits such as government tender participation, credit facilitation, marketing assistance, and much more.

1. Access to Government Tenders: NSIC-registered companies can participate in government tenders without paying the Earnest Money Deposit (EMD), which reduces financial burden and increases participation.
2. Credit Support: NSIC offers credit facilitation to registered companies, helping them access working capital, term loans, and other financial services.
3. Procurement and Marketing Support: Registered companies can benefit from the Single Point Registration Scheme (SPRS) and other marketing support initiatives, which increase their visibility and market reach.
4. Raw Material Assistance: NSIC assists in the procurement of raw materials at competitive prices, ensuring the smooth functioning of manufacturing units.
5. Technology Support: NSIC provides access to the latest technologies and skill development programs, helping businesses stay competitive and efficient.
6. Exhibition and Trade Fairs: Registered companies are given opportunities to participate in national and international trade fairs and exhibitions, enabling them to showcase their products and expand their market.

To be eligible for NSIC registration, a business must fall under the following criteria:

1. Micro, Small, or Medium Enterprise: The business must be classified as a Micro, Small, or Medium Enterprise (MSME) as per the MSME Act, 2006.
2. Udyam Registration: The business should have Udyam Registration, which is a prerequisite for applying for NSIC registration.
3. Existence of Business: The business must have been operational for a minimum of one year before applying for NSIC registration.
4. Commercial Track Record: The business should have a good commercial track record, with no history of defaults in loans or credit.

The following documents are typically required for NSIC registration:

1. Udyam Registration Certificate: Proof of MSME classification.
2. Audited Financial Statements: Financial statements for the last three years, including balance sheet, profit and loss statement, and cash flow statement.
3. Banker’s Report: A report from the business’s banker, confirming the creditworthiness of the business.
4. Ownership Documents: Proof of ownership of the business premises, such as lease agreement or property documents.
5. Business Licenses: Copies of all relevant business licenses, such as GST registration, PAN card, and other industry-specific licenses.
6. Details of Directors/Partners/Proprietors: KYC documents, including PAN, Aadhaar, and passport-sized photographs.
7. Products/Services Offered: A detailed list of the products or services the business offers.

Step 1: Visit the NSIC Website

Start by visiting the official NSIC website. Navigate to the registration section, where you will find detailed instructions and the online registration form.

Step 2: Fill the Online Application Form

Fill in the online application form with accurate details about your business, including business name, contact information, Udyam Registration number, and the products or services you offer.

Step 3: Upload Required Documents

Upload scanned copies of all the required documents, including the Udyam Registration certificate, audited financial statements, and KYC documents.

Step 4: Pay the Application Fee

Pay the required application fee online. The fee structure varies depending on the business’s turnover and the type of registration applied for.

Step 5: Verification by NSIC

Once the application is submitted, NSIC will verify the details provided. This process may include a physical verification of the business premises.

Step 6: Issuance of NSIC Certificate

Upon successful verification, NSIC will issue the registration certificate. This certificate will be valid for a specified period, after which it must be renewed.

1. Tender Free Benefits: NSIC registered companies are exempt from paying Earnest Money Deposit (EMD) while participating in government tenders.
2. Marketing Assistance: NSIC provides various marketing assistance programs that help businesses promote their products and services across different platforms.
3. Credit Facilitation: NSIC assists registered companies in securing working capital and term loans from banks and financial institutions.
4. Raw Material Procurement: Registered businesses can procure raw materials at competitive prices, with assistance in bulk procurement and import facilitation.
5. Technology Support: Access to the latest technologies, machinery, and technical support helps businesses enhance their production processes and product quality.
6. Skill Development Programs: NSIC offers various skill development programs that help businesses upskill their workforce and improve operational efficiency.
7. Participation in Trade Fairs: Registered companies get the opportunity to participate in national and international trade fairs and exhibitions, allowing them to showcase their products on a larger scale.
8. Government Support: NSIC registration enhances a company’s credibility, making it eligible for various government schemes and incentives.

1. What is the purpose of NSIC registration? NSIC registration aims to support and promote the growth of small-scale industries by providing various benefits such as access to government tenders, credit facilitation, marketing assistance, and more.
2. Who is eligible for NSIC registration? Micro, Small, and Medium Enterprises (MSMEs) with Udyam Registration and a minimum of one year of operational history are eligible for NSIC registration.
3. What documents are required for NSIC registration? The documents required include the Udyam Registration certificate, audited financial statements, banker’s report, ownership documents, business licenses, KYC documents of directors/partners, and details of the products/services offered.
4. How long does it take to get NSIC registration? The NSIC registration process typically takes 2 to 4 weeks, depending on the verification process and the completeness of the application.
5. What are the benefits of NSIC registration? Benefits include exemption from EMD in government tenders, marketing assistance, credit facilitation, raw material procurement, technology support, skill development programs, and participation in trade fairs.
6. Is NSIC registration mandatory for MSMEs? NSIC registration is not mandatory, but it is highly beneficial for MSMEs looking to expand their market reach, secure government contracts, and access various support services.
7. Can NSIC registration be renewed? Yes, NSIC registration is valid for a specified period and must be renewed before the expiry date. The renewal process involves submitting updated financial documents and other relevant information.
8. How does NSIC support credit facilitation? NSIC collaborates with banks and financial institutions to provide credit facilitation to registered MSMEs, helping them access working capital, term loans, and other financial services.
9. What is the Earnest Money Deposit (EMD) exemption? EMD exemption allows NSIC-registered companies to participate in government tenders without paying the Earnest Money Deposit, reducing the financial burden on small businesses.
10. How can I apply for NSIC registration? You can apply for NSIC registration online through the official NSIC website. The process involves filling out an application form, uploading the required documents, and paying the application fee.

NSIC Registration is a valuable asset for small and medium enterprises looking to enhance their growth prospects. It opens doors to numerous opportunities, including access to government tenders, credit facilitation, marketing assistance, and much more. By following the steps outlined in this guide and ensuring that you meet the eligibility criteria, you can successfully register with NSIC and start reaping the benefits.