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
Assistance for procurement of Raw Material upto 90 days.
helped to avail Economics of Purchases like bulk purchase,
cash discount etc.
takes care of all the procedures, documentation &
issue of Letter of credit in case of imports.
How to Apply
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 nearest Branch Office. The
blank forms are also available free of charge from the
Download Application Form
Raw Material Assistance Online
filled application form is to be submitted along with the
appraisal and Unit inspection is carried out by NSIC.
of Limit to the eligible Unit.
of agreement between NSIC and Unit.
of assistance to the unit.
Terms and Conditions
in the form of Bank Guarantee from Approved/Nationalised
Banks (except United Bank of India).
rate of interest would be as under :
against the security of BG :
Rate of Interest (% p.a.)
Entire Outstanding Dues within 90 Days
Units (MSEs) having valid MSE 1 rating
Units (MSEs) having valid MSE 2 rating
Any Outstanding due between 91 days to 270 days
Outstanding due more than 270 days
additional interest on delayed payments would be charged@ 1%
for every cycle of 90 days on the amount outstanding for more
than 90 days.
On new sanctions
Asked Questions (FAQs): Raw Material Assistance
Asked Questions (FAQs): Raw Material Distribution
For more details Please contact,
NSIC Branch Office or
DOCUMENTS TO BE
ENCLOSED WITH APPLICATION FORM
1.A passport size photograph of each of the Proprietor /
Directors / Partners / Society
2.Self-attested photocopy of :
GST Registration Certificate ,
PAN Card of the Firm / Proprietor (in case of
Copy of latest ITR of the Company/Firm
statement of personal assets and liabilities along with the
residential address of Proprietor/Directors/Partners.
of Memorandum & Articles of Association along with list of
Directors in case of Pvt. Ltd. / Ltd. Co.
R Copy of Partnership Deed duly notarized in case of
A copy of Bye Laws & charter of
society along with a list
of governing body / executive members in case of
5.A copy of Board Resolution in case of Pvt./Public Ltd. Co.,
Power of Attorney in case of partnership firm & a
Governing Body Resolution in case of Society authorizing the
signatory to sign and
to deal with NSIC in respect of financial assistance
required, for and
on behalf of the applicant unit.
signatures of authorized signatory attested by bank.
of sanction letter for credit limit sanctioned by the FIs/
Audited/Provisional financial statements of the unit:
year Audited financial statements.
current year financial statements.
startup MSME unit- Projected
financial statements duly certified by its Auditors or
statement of the unit for the last six months.
of the latest Electricity Bill.
Report of Account of the unit with
Banks (Other than BG issuing Bank) and Financial Institutions
undertaking from the borrower that their name(s) are not
appearing in the
RBI Defaulterís List.
Copy of orders in hand, in case of enhancement
of limit beyond five crore
DOCUMENTS REQUIRED FOR RENEWAL OF CASES
of the unit.
of Directors/Partners/Office bearers of Society, if changed,
with respect to earlier declaration.
financial statements of the unit:
i) Last year Audited financial statements.
ii) Provisional current year financial statements.
financial statements for the last year in respect of sister /
associate concern of the applicant unit, if any. (Only when
the assistance sought against the security of other than Bank
DOCUMENTS NEEDED AFTER SANCTIONING OF LIMIT AND BEFORE
for Raw Material Assistance
Receipt as per Format.
Promissory Note as per Format & duly signed.
of Continuity as per Format.
/ Invoices for release of payment in favour of supplier.
Guarantee as per format and its confirmation from Bank.
APPLICATION FORM ARE AVAILABLE AT
Supply of coal to the small consumers of the state of Odisha by NSIC against FSA of FY 2015-16