Under the MSMED Act of 2006, NSIC registration applies to Micro, Small, and Medium Enterprises (MSME). Under this registration, MSMEs can receive various government benefits such as capital investment subsidies, reduced electricity bills, tenders, and more. Through its network of branches across the country, NSIC also offers a variety of other services such as entrepreneur training and development, financial analysis for business expansion, and more. Governments, various departments, PSUs, banks, and others contact NSIC to take advantage of such benefits.