Govt Schemes

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RMA against Bank Guarantee (NSIC)

Raw Material Assistance Scheme aims at helping MSMEs by way of financing the purchase of Raw Material (both indigenous & imported). This gives an opportunity to MSMEs to focus better on manufacturing quality products.

Benefits of the Scheme

  • Financial Assistance for procurement of Raw Material upto 90 days.
  • MSMEs helped to avail Economics of Purchases like bulk purchase; cash discount etc
  • NSIC takes care of all the procedures, documentation & issue of Letter of credit in case of imports.

How to Apply

The Entrepreneurs are required to apply for Raw Material Assistance only on the prescribed application forms. The application forms downloaded from the link given below may be filled and submitted to the concerned Branch Office. The blank forms are also available free of charge from the Branch offices.

The Process

  • Duly filled application form is to be submitted along with the Application
  • Sanction of Limit to the Unit.
  • Signing of agreement between NSIC and Unit.
  • Disbursement of assistance to the unit.

http://www.nsic.co.in/Schemes/Raw-Material-Against-BG.aspx


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