NSIC Subsidy: fostering the growth of micro, small and medium enterprises


NSIC Subsidy: fostering the growth of micro, small and medium enterprises

Puja Bhardwaj | StartupCity Magazine

National Small Industries Corporation works to promote the growth of micro, small and medium enterprises in India. It offers a set of specially tailored scheme to enhance competitiveness. Besides, it also provides integrated support services for Marketing, Technology, Finance as well as other Support services. NSIC is operating across the nation with numerous offices and Technical Centres in the Country. It has also set up Training cum Incubation Centre to train entrepreneurs to be ready for technological growth.

Every step NSIC takes to carry forward its vision to support small enterprises with an assortment of specially tailored schemes that are created to take businesses ahead of the competition and in an advantageous position. The scheme includes everything that is important for business growth like facilitating marketing support, credit support, technology support, and many more. Overall, NSIC delivers a variety of packages of services to tackle the needs of the MSME sector. Here there are some points showing how NSIC benefits businesses.

Advantages of Membership in NSIC

  • Get Interactive Database Specially Designed for MSMEs
  • Global & National Tender Notices
  • Self-web development tool
  • Centralized mail system
  • Free mailboxes
  • Payment Gateway for membership subscription
  • Famous Products Section
  • Unlimited global Trade Leads
  • Trust Seal of NSIC
  • Multi-product Cart
  • Online Buying / Selling
  • Multiple payment Option
  • MSME Web Store
  • Multiple Language Support
  • Discussion Board
  • Call Centre Support & Live Chat

Registration Procedure

Under the scheme, manufacturing and service enterprises who have MSME or Udyog Aadhaar registration can also obtain NSIC registration. To obtain registration, enterprises need to apply online or by submitting an application at one of the NSIC offices.

When you submit, the NSIC forwards the application to a zonal, branch or sub-branch office nearest to the applicant for completing the technical inspection of the unit and forwarding of recommendation for NSIC registration. After receiving report, NSIC grants you to do registration to the MSME unit.

Important Documents

  • Acknowledgement Copy of MSME registration
  • Performance Statement
  • Self-attested copy of ownership documents
  • Declaration from the Partner or Director whether or not they have any link with large scale unit(s)
  • List of raw materials as well as finished products available in the stock
  • Copy of BIS license
  • List of Employees
  • The item for which registration needed with detailed specification(s)
  • Write-up on quality control measures
  • Complete information of quality control equipment and testing facility
  • Copy of Type Test Report
  • Electricity Bill Copy (recent)
  • Audited Balance Sheet
  • Complete Details of Trading Account including Profit & Loss
  • Statement of Results of Operation for the last 3 years
  • Bankers’ Report on the financial status of the applicant firm
  • PAN
  • Partnership Deed
  • Certificate of Incorporation
  • Memorandum and Articles of Association

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