Are you into an MSME business? Want to take advantage of government tenders and financial help? NSIC Single Point Registration is perfect for you. NSIC registration provides a significant boost to government procurement, tenders, and other business opportunities.
It is a scheme provided by the Government of India for small and medium enterprises to promote, aid, and foster growth. If you are into small or medium enterprises in the country, then acquiring an NSIC certificate provides a wide range of benefits to your business.
NSIC registration certificates act as a gateway for you to access government tenders, schemes and subsidies. It will also help you to be exempt from the Earnest Money deposit, Support in tender L1 Compression and other marketing support. The entire process of NSIC registration consists of various documents and a physical site inspection. You can scale your operation and enhance your market credibility by acquiring an NSIC certificate.
NSIC registration is officially known as the SPRS- Single Point Registration Scheme. It is a certificate by the National Small Industrial Corporation to Micro, Small Enterprises in India. With the help of the implementation of numerous initiatives, it plays an important role in promoting and supporting the growth of MSEs. The primary purpose of NSIC registration is to make it easier for MSMEs to participate in government tenders and procurement processes. It is not like the general Udyam Registration. NSIC Registration under the SPRS is optional and specifically tailored for MSMEs that want to become pre-qualified vendors for government contracts.
Through NSIC Registration a MSEs can take part in several programs like marketing assistance, credit rating, and expand their businesses in the country.
The NSIC Single Point Registration Service’s main objective is to empower micro & small enterprises. It provides an integrated support service in many ways. Let’s know about the objective of NSIC registration online.
NSIC Registration comes with a lot of benefits. It is always beneficial for an MSME registered with an NSIC certificate.
If you want to acquire an NSIC registration certificate, then there are some eligibility criteria that you should meet.
Before applying for NSIC Single Point Registration, ensure you have the following documents ready. The list varies slightly based on your business type.
These documents are required for all entities, including Private/Public Limited Companies, Proprietorships, Partnerships, LLPs, HUFs, Trusts, and Cooperative Societies:
Here’s a table summarising all NSIC Registration Fees & Charges under the Single Point Registration Scheme (SPRS). Remember, charges can change at any time. Hence, it is good to check the official website at the time of NSIC registration online.
Fee Type | Micro Enterprises | Small Enterprises |
---|---|---|
Government / Registration Fee | ₹ 3,000 if turnover ≤ ₹1 crore; ₹ 3,000 + ₹1,500 for every additional ₹1 crore turnover Cap at ₹ 1,00,000 |
₹ 5,000 if turnover ≤ ₹1 crore; ₹ 5,000 + ₹2,000 for every additional ₹1 crore over that Cap at ₹ 1,00,000 |
Inspection Charges | ₹ 2,000 (charged by the inspecting agency) | ₹ 3,000 |
Professional / Consultancy Fees | ₹ 6,000 (for handling the process, etc.) | ₹ 8,000 |
If you want to apply for NSIC registration online, then it is very easy. Here are the basic steps that you can follow. If you feel the entire process is hectic for you, just reach out to us. We will manage everything for you. Just share the required document, and we will share the issued certificate. You do not have to worry about things.
An NSIC certificate comes with a period of validity, and it needs to be renewed after some time.
It must be initiated before the day of its expiration. To renew, you can visit the SPC portal and go through the renewal online process. It is easy to do it online. However, the LicenseHub team will streamline the renewal process for you. It is important to apply for renewal on time. If the certificate expires, you will lose all the associate benefits, and you have to apply fresh one, which can be a very lengthy process.
After obtaining the NSIC certificate, the entity needs to maintain its activation status, so it must fulfil these certain compliance requirements.
Here is the available scheme after NSIC Registration, in which you can take advantage of.
The entire process of an NSIC registration takes up to 30 to 45 days from the day of application submission to the certificate issue. To fasten the process, make sure the application is completely accurate and all the documents provided are accurate. Here is the structured timeline.
The License Hub is one of India’s leading experts in licensing and certificates. We have a team of professionals who can help to streamline the process and give a money-back guarantee. Here is the reason why you should choose us.
Answer: An NSIC certificate allows MSMEs to enter government tenders. It brings vital advantages for small-scale businesses, like as Earnest Money Deposit (EMD), 15% cost preference, free tender documents, increased credibility, and many more.
Answer: No, NSIC registration is not mandatory for MSMEs. It is a voluntary scheme for MSMEs. However, it is very beneficial for MSMEs. Basic Udyam Registration is mandatory for MSMEs, but NSIC's Single Point Registration Scheme (SPRS) is meant for extra, focused advantages.
Answer: Udyam (MSME) Registration is a simple, mandatory certification for Micro, Small, and Medium Enterprises to avail general government schemes. NSIC Registration (SPRS) is a voluntary registration that adds extra government benefits.
Answer: The NSIC registration fee is not one-time. In addition, it depends on your enterprise category (Micro, Small, or Medium). The amount generally comes between a few thousand to thousands of rupees.
Answer: NSIC registration certification is valid for two years from the date of issue. Remember, renewing is necessary before the expiry date. It is good to apply for renewal 6 months before the expiry date. It gives a 50% discount. The renewal process is very simple and done online easily.
Answer: The NSIC registration process usually takes between 4 to 8 weeks from the date of application submission to certificate issuance. Make sure to submit the application and all information accurately to speed up the process.
Answer: No, a new enterprise cannot apply for NSIC registration. NSIC registration eligibility requirements state that they must meet the operational period of a minimum of two years.