The National Small Industries Corporation supports the growth of MSMEs in more ways than just providing financial assistance.

Some of the ways NSIC supports MSMEs are:

The scheme allows MSMEs to finance raw material for production from national and international sources. This will enable businesses to focus on the quality manufacturing of products. The rate of interest charged between 7.5%-9%, depending on the size of the business and the number of units being purchased.

Note: Rate of interest is subject to change

Apply for the Raw Material Assistance Scheme using these steps

• The application form for the scheme can be found here in this link.

• The list of documents that need to be attached to the application form can be found here.

• NSIC provides support for promoting products sold by MSMEs.

• The assistance provided under the scheme are:

1. 1. Information services to keep businesses up to date with market conditions,
   2. Single-point registration for participation in government purchase,
   3. Marketing intelligence to provide target audience related information and support to build a relationship with them, information about spaces that businesses can rent for their office, etc.

• The hub aids and supports MSME owners who belong to SC/ST communities to build and grow their businesses with other companies in the country.

• All information regarding the scheme can be found on this website.