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NSIC services

Wednesday, December 14, 2011

NSIC Ltd., an ISO 9001 certified company a Govt. of India Enterprise under the Ministry Micro Small & Medium Enterprises, Govt. of India, since its establishment in 1955, has been working for the growth, development and promotion of SSI sector throughout the Country.

It is a pleasure to inform that the limit of investment in Plant & Machinery has been increased from Rs. 1 Crore to Rs. 5 Crores w.e.f. 02.10.2006 and all the eligible units can register under SSI by simply filing Entrepreneurs Memorandum with the concerned DICs. Keeping in view of above, we are pleased to inform that the Corporation is offering following schemes/services for the micro, small and medium scale sector.

v Raw Material Assistance for purchase of raw material against security of Bank Guarantee. Under the said scheme micro, small & medium enterprises having valid registration certificate can procure raw material.

Assistance is available for 90 days on rotational basis against Bank Guarantee.

Interest Rate @12.50% p.a. up to 90 days or as applicable from time to time.

Application Processing fee + Service Tax @10.30% (non- refundable):

• For assistance up to Rs.25,00,000/- Rs.2500/-
• Rs.25,00,001/- to Rs. 50,00,000/- Rs. 5000/-
• Rs.50,00,001/- to Rs. 1 Crore Rs.10,000/-
• Beyond Rs.1 Crore 0.1% of the limit sought.

NSIC’s Service charges @1% p.a. of the limit sanctioned if paid up front.

Rebate up to 1% on Interest on the basis of Performance & Credit Rating to micro & small enterprises only as per terms & conditions of the Corporation.

v Single Point Registration Scheme for Government Stores Purchase Programme for micro & small enterprises.

v Infomediary Services A one-stop, one-window bouquet of aids that will provide information on business, technology and finance, and also exhibit the core competence of Indian MSEs in terms of price and quality-internationally, as well as domestically.

v Performance & Credit Rating of micro & small enterprises to enhance their credit worthiness in order to avail timely credit from Banks with lower interest rate. 75% subsidy by NSIC
through rating agencies viz; D&B-SMERA, ONICRA, CRISIL, Fitch, & CARE.

v Bank Credit Facilitation scheme under NSIC-Bank tie-up for Term loan & Working Capital facilities to micro, small & medium enterprises. NSIC has signed MoU with UBI, Central Bank of India, Axis Bank, Yes Bank, OBC, UCO Bank, Bank of Maharashtra & HSBC.

In addition to above, NSIC also facilitates participation of Indian SMEs in select International Exhibitions by offering subsidy under its Marketing Assistance Scheme.

Source: NSIC Ltd

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NIIR PROJECT CONSULTANCY SERVICES (NPCS) is a reliable name in the industrial world for offering integrated technical consultancy services. NPCS is manned by engineers, planners, specialists, financial experts, economic analysts and design specialists with extensive experience in the related industries.

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