NSIC – CREDIT

NSIC – Raw Material Assistance

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.

Any Term loan is subject to the following

  1. Healthy Financials
  2. Good Credit Rating

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.

Sl Feature
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

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