National Small Industries Corporation (NSIC) is Government of India Enterprise under Ministry of Micro, Small and Medium Enterprises (MSME). NSIC has been working to promote aid and foster the growth of micro, small and medium enterprises in the country. NSIC provides integrated support services under Marketing, Technology, Finance and other Support service.

SINGLE POINT REGISTRATION

Government of India is one of the largest purchasers of the goods. NSIC registers Micro & small Enterprises (MSEs) under Single Point Registration scheme (SPRS) for participation in Government Purchases. The units which are registered under Single point registration scheme are eligible to get benefits of “Public Procurement Policy for Micro & Small Enterprises (MSEs) Order 2012” as notified by the Government of India, Ministry of Micro Small & Medium Enterprises.

BENEFITS OF REGISTRATION

The registered units shall get following benefits:

  • Issue of the Tender Sets free of cost;
  • Exemption from payment of Earnest Money Deposit (EMD);
  • In tender participating MSEs quoting price within price band of L1+15 per cent 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.
  • Every Central Ministries/Departments/PSUs shall set an annual goal of minimum 25 per cent 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 Schedule Caste /Schedule Tribes and 3% is earmarked for the units owned by Women entrepreneurs.
  • 358 items are reserved for exclusive purchase from SSI Sector

ELIGIBILITY CRITERIA

√ All Micro & Small Enterprises having EM Part-II (Optional)/ Udyog Aadhaar Memorandum (UAM) are eligible for registration with NSIC.

√ For start ups, Micro & Small Enterprises who have already commenced their commercial production but not completed one year of existence. In that situation the Provisional Registration Certificate can be issued to such Micro & Small Enterprises which shall be valid for the period of one year.

√ Traders are not eligible for registration under this Scheme.

VALIDITY PERIOD OF SINGLE POINT REGISTRATION

  • The Registration Certificate granted to the Micro & Small Enterprise under Single Point Registration Scheme (Revised), 2003 is valid for Two Years.
  • Provisional Registration Certificate shall be valid for the period of one year.

REGISTRATION PROCESS

> Submit the application along with fees and documents

> Nodal officer will check the documents and if any deficiency found by the officer, convey the deficiency

> After completing the deficiency, if any, nodal officer will issue a acknowledgment

> Then nodal officer forward the application to inspecting agencies

> After inspection, inspecting agency will generate the report

> After that certificate will issued

About the Author

Author for any query email at msdassociates19@gmail.com or Contact +91-9315760696/ +91-8375877464

Disclaimer: The contents of this article are for information purposes only and does not constitute an advice or a legal opinion and are personal views of the author. It is based upon relevant law and/or facts available at that point of time and prepared with due accuracy & reliability. Readers are requested to check and refer relevant provisions of statute, latest judicial pronouncements, circulars, clarifications etc before acting on the basis of the above write up.  The possibility of other views on the subject matter cannot be ruled out. By the use of the said information, you agree that Author / TaxGuru is not responsible or liable in any manner for the authenticity, accuracy, completeness, errors or any kind of omissions in this piece of information for any action taken thereof. This is not any kind of advertisement or solicitation of work by a professional. Please refer to the complete Terms & Disclaimer here. Terms & Disclaimer

Bibliography

www.nsicspronline.com/home.aspx

www.nsicspronline.com/home.aspx

https://nsic.co.in/Corporate/AboutUs.aspx

https://nsic.co.in/Schemes/Single-Point-Registration.aspx

https://en.wikipedia.org/wiki/Negotiable_Instruments_Act,_1881

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