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

NationalSmall Industries Corporation works to promote the growth of micro, small andmedium enterprises in India. It offers a set of specially tailored scheme toenhance competitiveness. Besides, it also provides integrated support servicesfor Marketing, Technology, Finance as well as other Support services. NSIC isoperating across the nation with numerous offices and Technical Centres in theCountry. It has also set up Training cum Incubation Centre to trainentrepreneurs to be ready for technological growth.

Every stepNSIC takes to carry forward its vision to support small enterprises with anassortment of specially tailored schemes that are created to take businessesahead of the competition and in an advantageous position. The scheme includeseverything that is important for business growth like facilitating marketingsupport, credit support, technology support, and many more. Overall, NSICdelivers a variety of packages of services to tackle the needs of the MSMEsector. Here there are some points showing how NSIC benefits businesses.

Advantages of Membership in NSIC

• Get Interactive Database Specially Designedfor 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 thescheme, manufacturing and service enterprises who have MSME or Udyog Aadhaarregistration can also obtain NSIC registration. To obtain registration,enterprises need to apply online or by submitting an application at one of theNSIC offices.

When yousubmit, the NSIC forwards the application to a zonal, branch or sub-branchoffice nearest to the applicant for completing the technical inspection of theunit and forwarding of recommendation for NSIC registration. After receivingreport, 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 Directorwhether or not they have any link with large scale unit(s)
• List of raw materials as well as finished productsavailable in the stock
• Copy of BIS license
• List of Employees
• The item for which registration needed withdetailed specification(s)
• Write-up on quality control measures
• Complete information of quality controlequipment and testing facility
• Copy of Type Test Report
• Electricity Bill Copy (recent)
• Audited Balance Sheet
• Complete Details of Trading Account includingProfit & Loss
• Statement of Results of Operation for thelast 3 years
• Bankers' Report on the financial status ofthe applicant firm
• PAN
• Partnership Deed
• Certificate of Incorporation
• Memorandum and Articles of Association

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