NSIC is an abbreviation for National Small Industries Corporation. This entity comes under the Micro, Small and Medium Enterprises.
To strengthen the stance of Micro, Small and Medium Enterprises (MSMEs), the government brought out the system for registration under the NSIC. NSIC stands for National Small Industries Corporations. Any MSME that register’s under this scheme would receive the benefits allied to government purchases.
Any MSME which is registered under this system should consider the Single Point Registration System (SPRS). Through this system, different benefits can be availed by the MSME. An official order brought out this system of Single Point Registration under the Public Procurement Policy for Micro & Small Enterprises (MSEs) Order 2012.
MSME and Small Scale Industries can avail different forms of benefits through NSIC registration:
Yes the NSIC is set up for the upliftment of MSME and SSI. Through different forms of benefits offered, MSME get advantages through NSIC registration.
Yes, NSIC registration can be carried out either online or offline. It is easier to complete the process online as it involves fewer procedures.