Credit Facilitation: NSIC partners with banks to facilitate credit for MSMEs.
Raw Material Assistance: Financial aid for purchasing raw materials against bank guarantees.
Marketing Support
NSIC Registration aids MSMEs in expanding their market reach through several initiatives:
- Consortia and Tender Marketing: Helps MSMEs participate in government and large institutional tenders.
- Single Point Registration Scheme (SPRS): Enables registered units to receive tender inquiries and exempts them from Earnest Money Deposit (EMD).
Technology Upgradation
NSIC supports MSMEs in adopting advanced technologies to stay competitive:
- Technology Transfer: Facilitates the acquisition of modern technology.
- Skill Development: Offers training programs to enhance workforce skills.
Raw Material Procurement
NSIC assists in the procurement of raw materials at competitive prices, ensuring a steady supply chain for manufacturing processes.
International Exposure
NSIC promotes international cooperation by organizing trade fairs, exhibitions, and delegations, thus opening up global market opportunities for MSMEs.
The NSIC Registration Process
Application Submission
Submit an online application through the NSIC website, providing essential business details, Udyam Registration number, and financial information.
Document Preparation
Prepare and upload necessary documents, including:
- Udyam Registration Certificate
- PAN Card and GST Registration
- Bank Statements and Audited Financials
- Details of Products/Services
Inspection and Verification
NSIC officials conduct an inspection of the business premises to verify the provided details, including production capacity, infrastructure, and financial records.
Approval and Certification
After successful verification, NSIC issues a registration certificate valid for two years. MSMEs can renew their registration by submitting updated documents and undergoing re-inspection.
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