Frequently Asked Questions
Who is eligible to apply for NSIC certification?
What are the benefits of NSIC certification?
How long is the NSIC certificate valid?
Can newly established MSMEs apply for NSIC certification?
Yes, newly established MSMEs can apply if they have completed at least one year of operations or can show completion of a government purchase order within that year.
Can an NSIC certification be used for export purposes?
While NSIC certification primarily supports domestic public procurement, MSMEs with NSIC certification may benefit indirectly in export markets by leveraging the credibility that comes with government recognition.
What is NSIC-MSME Credit Facilitation?
NSIC-MSME Credit Facilitation is a scheme that helps MSMEs get credit support from banks.
What are the Salient features of NSIC-MSME Credit Facilitation?
The salient featured of NSIC-MSME are as follows:
· To operate as a nodal point for aggregating various financing options of MSMEs.
· Speedy disposal of credit proposals thus saving time and cost of MSMEs.
· To disseminate information about MSME schemes offered by the Banks/FIs.
· To facilitate larger number of MSMEs who are desirous of availing credit.
· To provide handholding support to MSMEs.