NSIC registration

NSIC stands for National Small Industries Corporation Limited. It is a Mini Ratna PSU established by Government of India in 1955. It falls under Ministry of Small, Medium and Micro enterprises (MSME) in India. NSIC was established by government for serving following objectives –

• To promote small and micro business in India.
• To serve as nodal agency for all requirements of small scale industries in India.
• To provide free participation government tenders for all NSIC registered entities.
• To encourage big government PSUs to procure raw material from NSIC registered small businesses.
• NSIC also helps in getting financing at attractive interest rates from PSU and private banks for NSIC refistered entities.

NSIC registration includes many benefits  for small business which includes –

1. Free allotment of tenders.
2. No earnest money deposit.
3. Development of SSIs.
4. Assistance in government tenders.
5. Increase in sales by procuring materials from small business.

There are many questions which arises in a budding entrepreneur’s mind before registering for NSIC registration. These includes –

• How can i get a NSIC certificate

• What is the difference between NSIC and MSME

• How can i renew my NSIC certificate online

• What do you mean by NSIC

• What is the purpose of NSIC

• How can i get a loan from NSIC

• Is MSME exempted from EMD

In this series, we will try to answer all of the above questions in a objective manner. We would discuss important features for NSIC registration like Benefits of NSIC registration, Procedure for registration online, Documents required for NSIC registration, NSIC registration fees etc.

Meanwhile, You can read articles on SSI registration certificate FAQs, Shop and establishment act FAQs, Import and export code FAQs, Udyog Aadhar registration FAQs by clicking respective links.