Schemes pertaining to NSIC

Following are certain schemes available under the NSIC Registration:

Single Point Registration schemes: The Government of India has directed that firms registered under the Single Point Registration Scheme of NSIC be eligible to receive benefits under the “Public Procurement Policy for Micro & Small Enterprises (MSEs) Order 2012”.

Marketing Assistance Scheme: Support for marketing has long been regarded as one of the most crucial instruments for any company’s growth. In today’s fiercely competitive market, it is essential for Micro, Small, and Medium-Sized Enterprises to survive and flourish. The National Small Industries Corporation has a number of programs to aid businesses in promoting their products and services in both domestic and international markets. The following is a quick description of these schemes:

Associations and Bidding Promotion: When it comes to obtaining and delivering significant orders, micro and small businesses face a number of challenges that prevent them from competing on an equal footing with larger organizations. In order to combine in their capacity, National Small Industries Corporation develops consortia of MSEs that manufacture the same or similar product or items. In order to obtain orders for individual micro and small enterprises or consortiums of micro and small enterprises, National Small Industries Corporation submits tenders on their behalf. Ultimately, these orders are distributed across Micro and Small Businesses based on their manufacturing capabilities.

Technology Fairs and Exhibitions: Annual participation in National and International Trade Fairs and Exhibitions by National Small Industries Corporation serves to highlight the key competencies of Micro and Small Enterprises inIndia and to leverage market opportunities. The National Small Industries Corporation provides MSEs with rents and other subsidies to make their participation easier. By taking part in various national and international events, Micro and Small Enterprises units get to know foreign business practices and enhance their business acumen.

Credit Assistance: NSIC offers credit support to the MSEs in a varied range of areas such as financing raw material procurement, marketing activities, exporting, Bill discounting, etc. National Small Industries Corporation forms strategic agreements with many commercial banks to provide working capital and long-term financing of MSEs nationwide, ensuring a seamless flow of credit to MSEs. The agreement calls for National Small Industries Corporation to share the processing fee and submit loan applications from interested MSEs to the banks.