What are the Schemes for obtaining NSIC Registration in Rajasthan?

The National Small Industries Corporation (NSIC) plays a pivotal role in promoting and supporting the growth of small and medium enterprises (SMEs) in India. With its various schemes and initiatives, NSIC aims to empower entrepreneurs and facilitate their participation in the competitive market. In Rajasthan, the state government has implemented various schemes to facilitate the process of obtaining NSIC registration and fostering the development of small enterprises. In this article, we will discuss NSIC registration in Rajasthan.

Overview of NSIC registration in Rajasthan

For strengthening the position of micro, small, and medium enterprises (MSMEs), the government has introduced NSIC registration. NSIC stands for National Small Industries Corporations. Every MSME that registers under this scheme would get the benefits of government procurement.

The MSME registered under this system should consider the Single Point Registration System (SPRS). Through this system, MSMEs can enjoy various benefits. An official regulation introduced this one-stop registration system under the Micro and Small Enterprises (MSE) Public Procurement Policy Regulation 2012.

Through this program, SMEs can avail of various forms of government benefits and promote growth and development in various sectors. There are various forms of schemes within the NSIC system. These systems would include a single-point registration system, a credit risk assessment system, and marketing schemes. All the MSMEs registering with NSIC would ensure the benefits of all available schemes.

Benefits of NSIC registration in Rajasthan

The following are the benefits of NSIC registration in Rajasthan-

• SSI and MSME assistance: One of the main objectives of NSIC registration is to provide various forms of related benefits to MSMEs and SSIs. Any MSME or SSI can claim various forms of incentives and schemes through this registration.
• Provide machinery: By registering under NSIC, SMEs can avail of benefits to secure machinery like installment facilities. This system can be done with minimal formalities through NSIC registration.
• Government tenders: By using SPRS, MSME can secure government purchases and tenders. Besides, MSMEs would be informed about any tender process.
• Free participation: Through this scheme, MSMEs are free to participate in government contracts and tenders. Without registration, MSMEs would have to consider participating in this scheme.
• Supplies of raw materials: The NSIC system also supplies a different form of raw material to MSMEs and small-scale industries.

What are the functions of NSIC?

Below are some of the key features of NSIC:

• NSIC provides various skill development training related to finance, marketing, etc.
• It provides imported and domestic equipment or machinery to small industrial enterprises on easy and cheap financing terms through an installment purchase scheme.
• NSIC (National Small Industries Corporation) provides raw materials to several micro and small enterprises.
• It also has equipment rental facilities for Indian small-scale industries.
• Participates in a bulk purchasing program to help provide raw materials.
• NSIC also emphasizes the aspect of modernization of SSI through the development and advancement of technology.
• NSIC is also involved in the construction of industrial estates.

Eligibility Criteria for NSIC Registration in India

The following criteria is required before applying for NSIC registration in Rajasthan:

• All micro enterprises whose investment in plant and machinery is not more than Rs. 25 lakhs and service sector not exceeding Rs. 10 lakhs;
• Must have MSME registration certificate;
• All small businesses in India whose investment in plant and machinery is up to Rs. 5 crore, in the service sector up to Rs. 2 crore;
• Completed 1 year of starting a business.

Schemes for obtaining NSIC registration in Rajasthan

Some of the schemes for obtaining NSIC registration in Rajasthan are-

• Single Point Registration Scheme (SPRS): The Single Point Registration Scheme is a flagship initiative of the NSIC that aims to simplify the procurement process for small-scale industries. Under this scheme, the NSIC provides a unified registration to eligible enterprises, enabling them to participate in government purchases. In Rajasthan, small businesses can avail themselves of this scheme by submitting their application through the NSIC website or at the nearest NSIC office. The SPRS eliminates the need for multiple registrations with various government departments, streamlining the procurement process for small businesses.
• Marketing Assistance Scheme: To enhance the market visibility and competitiveness of small-scale industries in Rajasthan, the NSIC offers the Marketing Assistance Scheme. Under this scheme, eligible enterprises receive support in the form of marketing guidance, participation in trade fairs and exhibitions, and assistance in procuring raw materials. The scheme aims to promote the marketing capabilities of small businesses and facilitate their integration into domestic and international supply chains. Small-scale industries in Rajasthan can benefit from this scheme by registering with the NSIC and taking advantage of the marketing support provided.
• Performance and Credit Rating Scheme: Access to affordable credit is essential for the growth and sustenance of small businesses. To facilitate easier access to credit facilities, the NSIC offers the Performance and Credit Rating Scheme. This scheme provides a comprehensive assessment of the financial and operational capabilities of small-scale industries, enabling them to establish their creditworthiness. In Rajasthan, small businesses can avail themselves of this scheme and obtain a credit rating, which enhances their chances of obtaining loans from financial institutions. The scheme also provides advisory services to help enterprises improve their performance and creditworthiness.
• Consortia and Tender Marketing Scheme: The Consortia and Tender Marketing Scheme is designed to enable small businesses to participate in large-scale tenders and contracts. Under this scheme, small-scale industries can form consortia or joint ventures to collectively bid for government tenders. The NSIC provides support in the form of marketing intelligence, bid preparation, and other essential services required for tender participation. In Rajasthan, small enterprises can leverage this scheme to enhance their competitiveness and secure lucrative government contracts.
• Raw Material Assistance Scheme: Access to quality raw materials at competitive prices is a significant challenge faced by small-scale industries. To address this issue, the NSIC offers the Raw Material Assistance Scheme. This scheme facilitates the procurement of raw materials by small businesses at economical rates through bulk purchase arrangements and partnerships with large enterprises. Small-scale industries in Rajasthan can benefit from this scheme by registering with the NSIC and utilizing the assistance provided to procure raw materials efficiently.

Final words

The NSIC registration schemes in Rajasthan play a crucial role in promoting the growth and development of small-scale industries. These schemes provide essential support in terms of procurement facilitation, marketing assistance, credit ratings, tender participation, and raw material procurement. Small businesses in Rajasthan can leverage these schemes to enhance their competitiveness, expand their market reach, and access various benefits provided by the government. By actively participating in these schemes, small-scale industries can thrive and contribute significantly to the economic growth of the state.

In case of any query regarding NSIC registration in Rajasthan, a team of expert advisors from Legal Window are here to assist you at every step. Feel free to reach us at admin@legalwindow.in.