Nsic Scheme0
केंद्र की योजनाएंBanking, Financial Services and Insurance

NSIC Raw Material Assistance Scheme

National Small Industries Corporation (Ministry of Micro, Small and Medium Enterprises) launched a Raw Material Assistance Scheme which 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.

Overview of Raw Material Assistance Scheme

NameRaw Material Assistance Scheme
Also known asRMA
Launched byGovernment of India
Launch year2018
Nodal MinistryMinistry of Micro, Small and Medium Enterprises
SectorCentral sector scheme
Objectivefocus better on manufacturing quality products.
Official websitehttps://www.nsic.co.in/schemes/raw-material-against-bg.aspx

Objective and benefits of Raw Material Assistance Scheme

•Financial assistance (Credit) for procurement of raw material up to 90 days.

•Materials facilitated under Bulk supplies arrangements are provided at bulk supplier’s rate by eliminating the middlemen and thus goods are procured at a lower price.

•Discounts received under bulk supplies arrangements are shared with MSMEs, enabling them to reduce cost of purchase of materials (Economies of Scale).

•Availability of raw material on credit and enabling MSMEs to execute the orders in hand.

How to apply for Raw Material Assistance Scheme

Click here:

www.nsic.co.in

External links

Raw Material

https://en.m.wikipedia.org/wiki/Raw_material

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