Finance to buy raw material for a government order

NSIC helps a micro or small unit buy raw material by paying the supplier for it against a bank guarantee from the unit, so that the unit can take on an order it could not otherwise fund. It can buy in bulk from makers such as SAIL, and the material is for making goods, not for trading.

Micro and small manufacturers with an order or a regular need for raw material

• Raw material paid for by NSIC against the unit's bank guarantee
• Advance payment or credit purchase, within a limit set by the unit's needs and security
• Bulk buying from large producers on the unit's behalf

• Udyam registration
• A manufacturing or service unit with a raw material need
• Security in the form of a bank guarantee

Apply to the nearest NSIC branch office; the form is on the NSIC site.

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• ProblemGovernment schemes are hard to understand