The National Small Industries Corporation, or NSIC, is a government-owned company that falls under the Ministry of Micro, Small, and Medium Enterprises (MSME). NSIC operates numerous schemes such as Single Point Registration for Government Purchases, Marketing Support, Performance and Credit Rating Scheme for Small Industries, and more to help promote, aid, and encourage the growth of MSME firms in India. In this article information NSIC Registration, Documents required for NSIC Certificate and Registration fees is mentioned.
The National Small Industries Corporation Limited (NSIC) is a government-owned corporation that was founded in 1955. NSIC is classified as a Micro, Small, and Medium Enterprise (MSME). NSIC is now a well-known Mini Ratna Public Sector Undertaking (PSU).
Enterprises with an MSME or Udyog Aadhaar registration can apply online or in person at one of the NSIC locations to get registration. Following receipt of the application, the NSIC sends it to the nearest regional, branch, or sub-branch office to complete a technical inspection of the unit and forward a recommendation for NSIC registration. NSIC registers the MSME unit after getting the inspection report.
Before applying for NSIC registration, the applicant must meet certain qualifying requirements.
Note: The Provisional Registration Certificate will be provided to MSEs that have not completed one year of business operation under the Single Point Registration scheme.
Enterprises that are MSME-registered or have an Udyam Aadhar number are eligible for NSIC (National Small Industries Certificate) registration. A registered MSME with an Udyam Aadhar number can apply for NSIC registration online. MSMEs must fill out an application form and submit it along with the appropriate papers to the nearest NSIC regional or branch office in order to obtain the NSIC certificate.
Below is the step by step process for acquiring NSIC Certificate:
The total charges for NSIC registration are calculated based on the business’s turnover as reported in the most recent audited financial statements. In addition, the NSIC registration fees are separated into three parts: inspection fees, registration fees, and professional fees, as shown below:
Micro businesses with a turnover of less than INR 1 crore pay a fee of Rs.3000, while small businesses with a turnover of less than INR 1 crore pay a fee of INR 5000.
Micro businesses with a turnover of more than INR 1 crore are charged a fee of INR 3000 plus INR 1500 for each additional crore of turnover. A fee of INR 5000 is imposed to small businesses with a turnover of less than INR 1 crore, plus INR 2000 for each crore of additional turnover. The registration fee cap has been established at INR 1 lakh.
MSME businesses must also pay inspection fees, which are determined by the inspecting agency, in addition to the registration fee. Inspection fees for micro and small businesses are set at INR 2000 and INR 3000, respectively.
Finally, the MSME unit must pay RITES Limited and Consultancy Development Centre a professional charge for the physical inspection. Professional fees for micro and small businesses are fixed at INR 6000 for micro companies and INR 8000 for small businesses.
The NSIC registration certificate is only valid for two years. As a result, every two years, the certificate of NSIC registration will be examined and rechecked. The same is done to examine and check the registered MSEs’ commercial and technical competence. The Provisional NSIC Registration Certificate, on the other hand, is only valid for one year.
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