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.
This is a process, wherein a secured loan is provided against the mortgage of the property with a lesser interest and longer repayment option. The loan against property can be used for various purposes such as a business expansion, a wedding, investment in a commercial property or any other greater priority.
|1||Assistance for Procurement of Raw Material upto 90 days.|
|2||MSMEs helped to avail Economics of Purchases like bulk purchase; cash discount etc|
|3||NSIC takes care of all the procedures, documentation & issue of Letter of credit in case of imports.|
|4||Interest Rates are within 11% Per Annum|
|5||Interest will be charged only on outstanding|
|6||Cash Purchase power to MSMEs|