Wikiprocedure

Daman and Diu - Register for Raw Material Assistance Scheme (NSIC)

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ProcedureEdit

Apply In-Person:

  1. To Register for Raw Material Assistance Scheme (NSIC), the applicant has to approach the National Small Industries Corporation Branch offices (BO) link
    NOTE: To find the nearest branch office, please select the office type, state and location. If there are no branch offices in their state, the applicant can make the application by visiting the branch offices of nearby states.
  2. The applicant has to download the application form from the following link. Or it can be obtained from the concerned officer.
  3. The applicant has to fill in all the necessary details in the application form. (Incomplete applications are not accepted)
  4. Make sure that the applicant has to attach all the necessary documents that are mentioned in the “Required Documents” section of this page.
  5. The applicant has to attach the photocopies of the required documents along with the application form while submitting.
  6. Submit all the documents with the completed form to the NSIC’s Nearest Branch office.
  7. The fee for this procedure is free of cost.
  8. After receiving the application, the concerned authority will check the submitted application and document set. If all are in place, the application will be accepted.
  9. An acknowledgment receipt will be provided. Please save it for future reference.
  10. Then the application will be processed further. All the updates on the application status will be sent via SMS to the applicant’s mobile number.
  11. NSIC will make a visit to the applicant’s unit for the purpose of preliminary appraisal after submitting the form.
  12. Then, the agency will sanction a limit for the unit post inspection.
  13. After getting the sanction, the prospective beneficiary will be required to sign the agreement with NSIC.
  14. After signing the agreement, NSIC will disburse the assistance for the unit provided that a security in the form of Bank Guarantee from an approved or nationalized banks is furnished by the applicant.
  15. Once all the process gets completed, the applicant gets a call from the office.
  16. The applicant has to visit the office to get the scheme document and further process needs to be completed.
  17. The processing time of this procedure takes up to 1 – 3 months.



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Required DocumentsEdit

  • Application form link
  • A passport size photograph of each of the Proprietor / Directors / Partners / Society office bearers.
  • A Copy of GST registration certificate
  • PAN Card of the Firm / Proprietor
  • A Copy of latest ITR of the Company/Firm /Directors/Partners/Proprietor
  • Self-attested statement of personal assets and liabilities along with the residential address of Proprietor/Directors/Partners/Society office bearers.
  • A Copy of Memorandum & Articles of Association
  • Specimen signatures of authorized signatory attested by bank.
  • A Copy of sanction letter for credit limit sanctioned by the FIs/ banks.
  • Audited/Provisional financial statements of the unit – last year/current year
  • Bank statement of the unit for the last six months.
  • A Copy of the latest Electricity Bill.
  • Conduct Report of Account of the unit with Banks and financial institution
  • A Copy of orders in hand, in case of enhancement of limit beyond five crores



Office Locations & ContactsEdit

National Small Industries Corporation Ltd.
NSIC Bhawan, Okhla Industrial Estate,
New Delhi - 110020, India
Phone:+91-11-26926275, 26926370
Contact link
Branch office link

NOTE: To find the nearest branch office, please select the office type, state and location. If there are no branch offices in their state, the applicant can make the application by visiting the branch offices of nearby states.


EligibilityEdit

  • Any manufacturing MSME having Udyog Aadhaar Memorandum (UAM) can apply for the assistance under the Scheme.



FeesEdit

  • The fee for this procedure is free of cost.



ValidityEdit

  • The validity of Raw Material Assistance Scheme (NSIC) is one year.



Documents to UseEdit

  • Application form link



Sample DocumentsEdit

Please attach sample completed documents that would help other people.



Processing TimeEdit

  • The processing time of Raw Material Assistance Scheme (NSIC) takes up to 1 – 3 months.



Related VideosEdit

Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&> from external websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.g In the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.



InstructionsEdit

  • Applicants must complete the application form before submitting it. Incomplete applications will not be accepted.
  • Applicants must provide genuine information while applying for this procedure.



Required InformationEdit

  • Name of the applicant
  • Amount of assistance sought
  • Particulars of the applicant unit
  • Udyog Aadhar/Udyam Registration No
  • No. & date of GST Registration
  • Name & addresses of Sister / Associate / Group Account Concerns
  • Particulars of Proprietor / Partners/Directors/society office bearers
  • Line of Activity
  • Annual Requirement of Raw Materials
  • Particulars of financial assistance already received or likely to be received from Banks/FI's
  • Details of Security proposed
  • Employment generated by the unit
  • Declaration



Need for the DocumentEdit

  • Raw Material Assistance Scheme aims at helping MSMEs by way of financing the purchase of Raw Material. This gives an opportunity to MSMEs to focus better on manufacturing quality products.



Information which might helpEdit

  • For more information link



Other uses of the Document/CertificateEdit

Benefits of Raw Material Assistance Scheme

  • Materials facilitated under Bulk supplies arrangements are provided at bulk supplier’s rate by eliminating the middlemen.
  • Discounts received under bulk supplies arrangements are shared with MSMEs, enabling them to reduce cost of purchase of materials.
  • Availability of raw material on credit and enabling MSMEs to execute the orders in hand.



External LinksEdit

Link AND Link


OthersEdit

Celling limit:

  • Rs. 5 crores for a single unit and
  • Rs. 15 crores for a group of units engaged in manufacturing activities.
  • In case of MSMEs engaged in infrastructure activities, maximum ceiling is Rs 5.00 Crore either individual unit or group of units.



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