The National Small Industries Corporation Limited (NSIC)-Facilitates Micro and Small Industries

The National Small Industries Corporation Limited (NSIC) a PSU under the administrative control of the Ministry of Micro, Small & Medium Enterprises facilitates Micro and Small Industries for participation in Government Stores Purchase Programme.The micro and small enterprises registered with NSIC under its Single Point Registration Scheme get the following facilities:-

·        Issue of Tender sets free of cost;  

·        Exemption from payment of Earnest money;

·        Waiver of Security Deposit to the Monetary Limit for which the unit is registered; and

·        Price Preference upto 15% to MSEs over the quotation of large scale units.

The number of micro and small industries registered under NSIC’s Single Point Registration Scheme during the last three years are:

Year	No. of  new units registered
2009-10	3327
2010-11	3099
2011-12	3023

This information was given by the Union Cabinet Minister for Micro, Small and Medium Enterprises, Shri Virbhadra Singh in a written reply to a question in the Lok Sabha today.