NSIC Certificate Registration in Odisha - Process, Fees & Benefits

Applicants must submit the following documents to obtain an NSIC Certificate in Odisha:

• GST Registration Certificate
• PAN Card of the entity
• Udyam Registration Certificate
• List of products/services offered by the unit
• Entity-specific documents, such as the Board Resolution for companies, Partnership Deed for firms, or LLP Agreement for LLPs
• Electricity bill for the latest month
• List of quality control equipment
• Certificate/declaration from the proprietor, directors, and partners stating whether they own or operate any large-scale unit
• Details of ownership of plant and machinery, equipment, raw materials, and tools
• Banker’s Report containing details of the financial status of the business
• Documents establishing ownership or possession of the business premises, such as a sale deed, rent deed, or lease deed
• Schedule of revenue, Balance Sheet, Profit & Loss Account, and schedule of financial assets
• Declaration as required for NSIC registration
• Details showing the business's operational performance for the last three years

Note: All documents must be self-attested by the proprietor/partner/director as applicable

For the NSIC Certificate in Odisha, different fees are paid for different types of entity types-

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National Small Industries Corporation Limited (NSIC), established in 1955 is a Mini Ratna Category-I Central Public Sector Undertaking under the Ministry of Micro, Small and Medium Enterprises (M/o MSME) GoI. ISO 9001:2015-certified NSIC provides integrated support services to MSMEs, enabling them to secure government contracts, expand their market reach, and achieve sustainable growth. Under the Single Point Registration Scheme (SPRS), eligible enterprises can also avail exemption from Earnest Money Deposit (EMD) while participating in government tenders. NSIC Bhubaneswar branch office serves MSMEs in the Bhubaneswar-Cuttack region applications for which can also be filed online at nsic.co.in.

Following are the eligibility requirements for obtaining an NSIC Certificate in Odisha:

• Must be verified as Micro or small enterprises depending on investment limits in plants, machinery and equipment (Micro Enterprise- investment in plant and machinery not exceeding ₹1 crore and turnover not exceeding ₹5 crore) (Small Enterprise- investment not exceeding ₹10 crore AND turnover not exceeding ₹50 crore) (Medium Enterprise- investment not exceeding ₹50 crore AND turnover not exceeding ₹250 crore)
• Enterprises must have completed at least one year of commercial production and business operations
• Micro and small enterprises must have secured a valid Udyam Registration certificate from regulatory body before applying for National Small Industries Corporation Limited

NSIC Registration supports small and medium-sized businesses (SMEs) and promotes their growth and expansion. Some of the common advantages of obtaining an NSIC Certificate in Odisha are mentioned below:

• Overall Development of MSMEs: MSME sector can expand if each Central Government Department, Ministry and PSU sets a minimum annual procurement target of 25% for goods and services produced and provided by MSMEs.
• Procurement Quota Reserved for Special Categories: Out of the 25% procurement target reserved for MSEs, 3% is earmarked for women-owned enterprises, while 4% is earmarked for enterprises owned by Scheduled Castes (SCs) and Scheduled Tribes (STs).
• Development of Small-Scale Industries (SSI): Under the NSIC framework, 358 items are reserved for procurement from Small-Scale Industries (SSIs) to promote the development and growth of the sector.
• Exemption from Earnest Money Deposit (EMD): NSIC certification helps registered MSEs get exemption from paying Earnest Money Deposit in government tenders thus removing working capital burden.

Listed below are some of the major schemes launched by NSIC to support Micro, Small, and Medium Enterprises (MSMEs):

The MSME sector receives several benefits through NSIC Registration. Listed below are some of the key objectives of NSIC Registration for MSMEs:

• By providing a range of services like financial aid, marketing support, technology upgradation and more, NSIC aims to help or promote small-scale industries
• Facilitates small enterprises in forming consortia to collectively bid for large-scale government tenders that they may not be able to secure individually
• Providing eligible MSMEs with access to government procurement benefits, including exemption from Earnest Money Deposit (EMD), subject to applicable conditions
• Facilitating MSMEs' participation in government procurement through the Single Point Registration Scheme (SPRS)

Applicants must avoid the following common mistakes to ensure a smooth and successful NSIC registration process in Odisha:

• Applying without updating Udyam Registration to current enterprise category
• Selecting wrong turnover slab in NSIC application
• Incomplete plant/machinery details
• Mismatched enterprise type between Udyam portal and NSIC application
• Missing GST registration for tender-eligible MSMEs
• Non-renewal of NSIC SPRS Certificate before expiration

The following provides important information on NSIC Certificate renewal timelines, validity, and requirements for maintaining an active and compliant NSIC Certificate in Odisha

The following key compliance requirements must be followed after obtaining NSIC certificate in Odisha:

• Track Expiry: Monitor the NSIC Certificate validity and initiate renewal within the prescribed timeline.
• Re-inspection: Complete re-inspection as required to maintain the validity of the NSIC Certificate.
• Update MSME Data: Keep the registered MSME information accurate and updated with NSIC.
• Report Changes: Inform NSIC about relevant changes in business details, ownership, address, or other registered particulars.
• Maintain Quality Standards: Ensure continued compliance with applicable quality and operational standards

NSIC Registration in Odisha provides eligible MSMEs with access to government procurement opportunities and other benefits. From timely documentation to compliance with the latest rules, Professional Utilities, backed by a team of experts, assists businesses in maintaining compliance and completing the overall NSIC registration process in Bhubaneswar, capital of Odisha and state's largest MSME hub with accuracy and efficiency. Get in touch with our experts to complete your NSIC Registration in Odisha smoothly and efficiently.