Raw
Material Assistance Scheme aims at helping Small Scale
Industries/Enterprises by way of financing the purchase of
Raw Material (both indigenous & imported). This gives an
opportunity to SSI to focus better on manufacturing quality
products.
Benefits of the Scheme
-
Financial Assistance for procurement of Raw Material
upto 90 days.
-
SSI helped to avail Economics of Purchases like bulk
purchase; cash discount etc
-
NSIC takes care of all the procedures, documentation &
issue of Letter of credit in case of imports.
How to Apply
The
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 concerned Regional & Branch
Offices. The blank forms are also available free of charge
from the zonal and Branch offices.
The Process
-
Duly filled application form is to be submitted along
with the Application Processing Fee ( by Bank Draft / Pay
Order in favour of NSIC Ltd.).
-
Preliminary appraisal and Unit inspection is carried
out by NSIC.
-
Sanction of Limit to the Unit.
-
Signing of agreement between NSIC and Unit.
-
Disbursement of assistance to the unit.
Terms and Conditions:
Processing Fee
(depends
on amount of assistance sought)
|
S.No. |
Slab
for Processing fee |
|
|
a.) |
upto
Rs.25 lacs |
Rs.2,500/- |
|
b.) |
above
Rs.25 lacs and upto Rs.50 lacs |
Rs.
5,000/- |
|
c.) |
above
Rs.50 lacs and upto Rs.1 crore |
Rs.
10,000/- |
|
d.) |
above Rs.1 crore |
0.1% of the assistance applied for |
(Security in the form of Bank Guarantee from Approved/Nationalised
Banks)
The
rate of interest would be as under :
a)
Assistance against the security of BG/SDR/FDR :
|
Particulars |
Effective Rate of Interest
(w.e.f
20/09/2011) |
|
(i)
Units having valid SE 1A rating under
NSIC’s Rating Scheme |
12.40% |
|
(ii)
Units having valid SE 2A rating under
NSIC’s Rating Scheme |
12.90% |
|
(iii) Units having valid SE 1B rating under
NSIC’s Rating Scheme |
12.90% |
|
(iv)
Other Units |
13.40% |
The
concessional rate of interest on
the good rated units, as
mentioned at Sl. nos. (i), (ii) and (iii) above shall be
applicable only to those cases, where the units make timely
repayments of the Corporation’s dues. The units which have
not re-paid its dues within the stipulated 90 days, shall not be eligible for the
concessional rate of interest.
The rate of interest on the delayed payment
shall be charged as:
The
Additional rate of interest on delayed payment shall
continue to be charged 3% over and above the normal rate of
interest (i.e. 13.40%) for the delays beyond 90 days.
Revised rate of interest (normal as well as interest on
delayed payment) shall be made applicable on :
A)
All the cases
sanctioned and / or disbursed on or after 20.09.2011.
B)
Principal amount outstanding as on 20.09.2011, against the
assistance already granted & disbursed.
Service Charges:
one time service charges @ 1% p.a. on the limit sanctioned
if paid upfront OR 0.25% for the first 30 days and
thereafter 0.08% per week subject to maximum of 3% p.a. of
principal amount.
Service Charges For North-Eastern Region
One time service charges @ 1% p.a. on the limit sanctioned
if paid upfront OR 0.13% for the first 30 days and
thereafter 0.04% per week subject to maximum of 1.5% p.a of
principal amount.
)
