Single Point Registration Scheme For Micro And Small Enterprises

Opportunity India Desk
Opportunity India Desk Feb 18, 2022 - 4 min read
Single Point Registration Scheme For Micro And Small Enterprises image
NSIC registers Micro and small Enterprises (MSEs) under Single Point Registration scheme (SPRS) for participation in Government Purchases.

What is the Scheme?

National Small Industries Corporation has launched a developmental scheme named as Single Point Registration Scheme or SPRS to help all the Micro and Small Enterprises (MSEs) in India. Through this scheme, MSMEs with a NSIC registration scheme are exempt from making Earnest Money Deposits (EMDs) in government purchases.

Objective of the Scheme

Government is, without a doubt, the biggest buyer of goods and services. The primary objective of SPRS is to increase government purchasing from Small Scale Businesses (SSBs).  The government launched the Stores Purchase Program in 1955-56 in order to increase purchases from the SSIs. Single Point Registration Scheme (SPRS) was established by the government under this Programme in 1976. In 2003, this scheme was revised.

Benefits of the scheme

Under this scheme, the Government has also committed to buy 25 percent of all Goods & Services from MSEs on a yearly basis by all Union Ministries, Departments, and Public Sector Units. In addition to this 25 percent limit, 3 percent of supplies is reserved for enterprises owned by women and 4 percent is for units belonging to Schedule Castes and Scheduled Tribes.

Who all are eligible?

Important document to carry

In case of partnership firm 

For Limited Companies

In Case Of Cooperative Societies.

Online apply procedure

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