NSIC Registration

NSIC stand for National Small Industries Corporation Limited. It’s a Public Sector undertaking and regulate by Ministry of Micro Small and Medium Enterprises. NSIC formed in 1955 to cater and provide services to Small Scale Industries. Earlier NSIC promote services to Manufacturing Sector Only, Later in 2006 when MSME formed NSIC start giving facility to Service Sector like Construction Sector, IT services, Telecom Sector, BPO, Consultancy, Engineering Services etc. NSIC provide various services to SME’s through various ways like financing, Low interest Rate Raw Material Assistance, Tender Marketing, Single point Registration Scheme, Marketing Assistance, Banking facilitation , Raw Material procurement, Training to the students etc.

NSIC plays a vital role for SME’s sector. With the help of NSIC scheme there are lots of entrepreneur who grow their business gradually. NSIC Support SME’s to grow and fight with the big players in the market.

Fisco Rating Agency private limited is one company who is very closely work with NSIC officer to help and cater various SSI units to get NSIC scheme. We arranged various seminar and exhibition to promote NSIC schemes in the market. Fisco team educate customer about the benefit of the NSIC scheme and how they get the same.

Promoter of Fisco is the only name in the industry which work as a facilitator since 2008. We worked with several branches. Fisco is the only company who tie-up agreement with National Small Industries Corporation Limited for the Raw Material distribution to Small Industries like Iron - Steel, Copper, Zinc etc. Fisco Signed an MOU with Zonal office North to provide customer who want to procure Raw Material through NSIC on discounted rates.

We also given some of the services to our customer rendered by NSIC like

1. Raw Material Assistance

Raw Material Assistance scheme is one the best scheme where NSIC facilitate SME Sector by giving them advances or finance to procure raw material. NSIC gives credit to the SME’s of 90 Days so that they procurement raw material in advance. Raw Material Assistance Scheme aims at helping MSMEs by way of financing the purchase of Raw Material (Both indigenous & imported). This gives an opportunity to MSMEs to focus better on manufacturing quality products

Benefits of the Scheme

Facilitating procurement of Raw Material with credit support up to 180 days
MSMEs helped to avail Economics of Purchases like bulk purchase, cash discount etc.

How to Apply

Fisco Rating Agency Private Limited give complete door step consultancy to facilitate Raw Material Scheme from the concerned department. Fisco charges a very nominal professional charges for the same. The Entrepreneurs are required to apply for Raw Material Assistance only on the prescribed application forms. The application forms downloaded from the link given below may be filled and can be submitted to the nearest Branch Office. The blank forms are also available free of charge from the Branch offices.

The Process

Duly filled application form is to be submitted along with the Application
Preliminary appraisal and Unit inspection is carried out by NSIC.
Sanction of Limit to the Unit.
Signing of agreement between NSIC and Unit.
Disbursement of assistance to the unit.

Terms and Conditions

Security in the form of Bank Guarantee from Approved Banks.
The rate of interest would be as under:

2. Single point Registration Scheme.

Single Point Registration Scheme is also known as Government purchase scheme OR NSIC Registration OR Tender License. This is one of the most fruitful scheme of the department. Thousands of units and company already availed the benefit of the scheme. This scheme is useful for the companies which indulge in Government Tendering and participate in either supply or giving services.

This scheme launched by Government of India in 1955 as Government purchase programme to promote SSI sector. The Single Point Registration Scheme was introduced in 1976 with the objective to avoid the multiple registration. Any MSME Registered Unit are eligible for registration in NSIC ( Except few of the banned items ), Government has recently working on the scheme closely. The Department reduce the fees in last years and ease the process of the registration.

This Registration can be done if any Start-up start their business and want to get registration in NSIC, NSIC issues Provisional Enlistment Certificate to those MSEs under SPRS who have started the production & start render services but not having the audited Balance sheet for the last one year.

Following are the benefit of the Registration :-

1. Issue of Tender Free of Cost

2. Exemption of payment of Earnest Money Deposit (EMD)

3. In tender participation, MSEs quoting price within the price band of L1+15 percent shall also be allowed to supply a portion upto 25% of requirement by bringing down their price to L1 price where L1 is non MSEs.

4. Every Central Ministries / Departments / PSUs shall set an annual goal of minimum 25% of the total annual purchases of the products or services produced or rendered by MSEs. Out of annual requirement of 25% procurement from MSEs, 4% is earmarked for units owned by Scheduled Castes / Scheduled Tribes & 3% for units owned by Women Entrepreneurs.

5. 358 items are reserved for exclusive purchase from MSEs.

3. Consortia & Tender Marketing.

Now a days more and more units and companies focusing on government tenders and keen to participate in Government projects and supply the items to the government department. In this context various companies and start-up facing the problem of huge documentation and formalities to participate in tenders. NSIC promote those companies and support them to bid in government tenders. Promotion of the product of Micro and Small Entrepreneurs is one of the major objective of the Corporation. In the present competitive scenario a need has been felt to facilitate Micro and Small Enterprises to market their goods / services individually or collectively through ‘Consortium’.

Fisco Rating Agency Private Limited arrange the meeting and completed the part of the documents. Fisco also provide the complete consultation to provide the door step services. Our consultancy scope not limited to the documents completion and meeting with the concerned department, we also follow-up with tendering authority, present at the time of technical evaluation meeting with client or as a representative of the tender participating agency. We complete all the formalities and also completed the formalities regarding technical and financial bid. Once our client recognised as the Lowest 1, we process the agreement formalities between all the concerned department like tender floating agency and NSIC. We provide the comprehensive service to our client at the door step and ease the procedure of the above scheme.

Following are the salient features and role of NSIC in above said scheme

Validity of Consortia Agreement

Consortium agreement entered into between the Corporation and Consortium shall be valid till officially liquidated by all members and the intimation being served on the respective branch that they (Consortium) do not want to continue as a Consortia members. However, in case of inclusion of new member/s or member/s leaving the consortia of change in Constitution of any member , fresh agreement may be obtained. In order to ascertain the change in the Constitution or addition/deletion of the members, a declaration to the effects to be taken from consortia members that their consortium is alive and there is no change.

The special features of the scheme:-

(i) The scheme will cover Micro & Small Enterprises registered with NSIC under its Single Point Registration Scheme (SPRS). It would also cover Micro & Small Enterprises who apply to get themselves registered with NSIC under the SPRS along with all required documents in terms of the scheme and their factory is inspected before filing of tender in terms of the Tender Marketing Scheme. The scheme shall not cover unit(s) engaging in „trading activities? without value addition/packing/ branding.

(ii) The scheme also covers the method of selection of the units for participation in the open tenders and single tenders on nomination basis.

(iii) The scheme takes cares of providing EMD and security deposit on back to back basis.

(iv) The scheme inter alia includes the procedures for formation of Consortium, Capacity Building of MSEs by formation of consortia of the units manufacturing similar products, participation in tenders on behalf of units in a ‘consortia’ to secure orders in ‘bulk’ quantities, distribution of orders amongst units in a ‘consortia’ as per their capacities, facilitate the ‘consortia’ members in meeting their raw materials requirements & facilitating ‘Credit’ for the supplies made.

(v) To accommodate provisions of this scheme, the legal document such as individual agreement by the units, agreement to be executed by the consortium, board resolution, power of attorney and other related document have been revised and simplified.

(vi) NSIC formed Consortia of Micro & Small Enterprises under its Consortia & Tender Marketing Scheme and is supplying the required stores / items and rendering the services as required by the Govt. Depts. / PSUs. NSIC offices continuously monitor the consortia and form new ones depending upon the requirements.

FIXATION OF LIMIT FOR TENDER PARTICIPATION:

In respect of enlisted units willing to participate in tender through NSIC, the branch office shall fix an overall limit up to which the tender(s) can be participated on behalf of such unit at any point of time. The limit shall be the higher of

· 300% of the monetary limit fixed for the unit under the Single Point Registration Scheme, OR

· Last year’s turnover, (The ‘Last year’s turnover’ should be turnover for a financial year and the same may either be as per the last audited accounts or as per the provisional results for a financial year, duly certified by the Chartered Accountants)

· Where during the financial year in progress the unit has recorded an appreciable hike in its turnover (duly certified by the Chartered Accountant) with which it exceeds its last year’s turnover or the overall limit as mentioned at above, benefit shall be extended to such units and their overall limit may be fixed at the highest value amongst or the value of turnover during the financial year in progress

Validity do the consortium