Important Points to Consider before Registering with NSIC

NSIC Overview:

The National Small Industries Corporation (NSIC) is a government agency established in 1955 under the Ministry of Micro, Small and Medium Enterprises (MSME). It functions as a nodal office, implementing various schemes to promote and support the growth of MSMEs in India.

What are the charges associated with NSIC registration?

The NSIC registration charges are dependent on two main factors:

Your Business Category (Micro or Small Enterprise): As defined by the Government of India.
Your Enterprise's Turnover: As per your latest audited balance sheet.

Here's a breakdown of the charges:

Turnover Up to Rs. 1 Crore:
Micro Enterprises: Rs. 3,000
Small Enterprises: Rs. 5,000
Turnover Exceeding Rs. 1 Crore:
Micro Enterprises: A base fee of Rs. 3,000 plus Rs. 1,500 for every additional Rs. 1 Crore of turnover (capped at Rs. 1 lakh for all categories).
Small Enterprises: A base fee of Rs. 5,000 plus Rs. 2,000 for every additional Rs. 1 Crore of turnover (capped at Rs. 1 lakh for all categories).

Benefits of NSIC Registration:

Enhanced credibility and recognition for your MSME.
Participation in government tenders and procurement programs.
Access to financial schemes, subsidies, and loans at preferential rates.
Lower costs for acquiring raw materials.
Skill development programs for your workforce.
Testing facilities to ensure product quality.

NSIC B2B Portal

The NSIC doesn't have a specific B2B Portal for NSIC registration and certificates. However, there are two key points to understand:

NSIC Registration Process: NSIC registration happens through the Single Point Registration Scheme (SPRS) on the NSIC website itself, not a separate B2B portal. After completing the registration process and fulfilling all requirements, you'll receive your NSIC certificate. You can find details and initiate the registration process here: [URLnsic single point registration ON National Small Industries Corporation nsic.co.in]
MSME Global Mart: NSIC does offer an MSME Global Mart which functions as a B2B portal specifically for MSMEs. However, it's not directly connected to NSIC registration or certificates. This portal helps registered MSMEs connect with potential buyers and sellers, promoting business opportunities. You can find more information about MSME Global Mart here, but keep in mind it requires a separate registration: https://www.nsic.co.in/schemes/Infomadiary

Who owns NSIC - government or private entities

The government of India owns the National Small Industries Corporation (NSIC). Here's a breakdown of its ownership structure:

Government Agency: Established in 1955, NSIC falls under the Ministry of Micro, Small and Medium Enterprises (MSME).
Not-for-Profit: It operates as a Government of India Enterprise, primarily supporting and promoting MSMEs, not generating profit.
Board of Directors: The NSIC registration is governed by a Board of Directors which includes:
Government Nominee Directors
Non-official Part-time Directors
A Chairman-cum-Managing Director

While the board might have some non-government representatives, the ultimate authority and ownership lie with the Indian government.

Final Thought:

NSIC registration can be a valuable step for MSMEs to gain credibility, access a wider range of benefits, and expand their business opportunities. Carefully considering these points before registering can ensure a smooth process for obtaining your NSIC certificate.