NSIC REGISTRATIONS
National Small Industries Corporation is a Government of India enterprise under Ministry of Micro, Small and Medium Enterprises (MSME). NSIC helps promote, aid and foster the growth of MSME businesses in India by operating various schemes like Single point Registration for Government Purchase, Marketing Support, Performance and Credit Rating Scheme for small industries and more.
Benefits of NSIC
Exemption from Tender Fee & EMD
♦ Issue of the Tender Sets free of cost
♦ Exemption from payment of Earnest Money Deposit (EMD)
♦ In addition to the above, 358 items are also reserved for exclusive purchase from SSI Sector
Advantage in Tender Participation
In tender participating MSEs quoting price within price band of L1+15 per cent shall also be allowed to supply a portion up to 25% of requirement by bringing down their price to L1 Price where L1 is non MSEs.
Procurement from MSE’s
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 Schedule Caste/ Schedule Tribes and 3% is earmarked for the units owned by Women entrepreneurs
Other Benefits of NSIC
NSIC carries forward its mission to assist small enterprises with a set of specially tailored schemes designed to put them in a competitive and advantageous position. The schemes comprise of facilitating marketing support, credit support, technology support and other support services
Marketing:
NSIC acts as a facilitator to promote small industries products and has devised a number of schemes to support small enterprises in their marketing efforts, both in an outside the country
♦ Consortia and Tender Marketing
Small Enterprises in their individual capacity face problems to procure & execute large orders, which inhibit and restrict their growth. NSIC, accordingly adopts Consortia approach and forms consortia of units manufacturing the same products, thereby easing out marketing problems of SSIs. The Corporation explores the market and secures orders for bulk quantities. These orders are then distributed to small units in tune with their production capacity. Testing facilities are also provided to enable units to improve and maintain the quality of their products conforming to the standard specifications
♦ Marketing Intelligence
Collect and disseminate both domestic as well as international marketing intelligence for the benefit of MSMEs. This cell, in addition to spreading awareness about various programmes / schemes for MSMEs, will specifically maintain database and disseminate information
♦ Exhibitions and Technology Fairs
To showcase the competencies of Indian SSIs and to capture market opportunities, NSIC participates in select International and National Exhibitions and Trade Fairs every year. NSIC facilitates the participation of the small enterprises by providing concessions in rental etc. Participation in these events exposes SSI units to international practices and enhances their business prowess
Buyer-Seller meets
Bulk and departmental buyers such as the Railways, Defence, Communication departments and large companies are invited to participate in buyer-seller meets to enrich small enterprises knowledge regarding terms and conditions, quality standards, etc required by the buyer. These programmes are aimed at vendor development from MSMEs for the bulk manufacturers
Credit Support
Financing for procurement of Raw Material (Short term):
NSIC's Raw Material Assistance Scheme aims at helping Small Enterprises by way of financing the purchase of Raw Material (both indigenous & imported)
The salient features are
- Financial Assistance for procurement of Raw Materials upto 90 days
- Bulk purchase of basic raw materials at competitive rates
- NSIC facilitates import of scares raw materials
- NSIC takes care of all the procedures, documentation & issue of letter of credit in case of imports
Technology Support
- Advise on application of new techniques
- Material testing facilities through accredited laboratories
- Product design including CAD
- Common facility support in machining, EDM, CNC, etc
- Energy and environment services at selected centres
- Classroom and practical training for skill up-gradation