India’s MSME sector contributes
about 29 per cent to GDP and employs over 60 per cent of the workforce.
National Small Industries Corporation Ltd. (NSIC) supports MSMEs in their
growth through several schemes. Under NSIC’s bank tie up arrangements, MSME units
can approach the nearest NSIC branch to apply for loans from partnered
nationalised and private banks to meet their credit needs.
Moreover, NSIC’s Raw Material
Assistance (RMA) Scheme finances indigenous and imported raw material for MSMEs
with credit support of up to 180 days. Interest rates under the RMA scheme
range between 8.75% and 10.25% (assistance availed on or after 01.07.2025). NSIC
also supports MSME units by training a skilled and professional workforce
through demand driven, industry-oriented programmes. In the last five years it
has trained more than 50,000 trainees and placed them in prominent companies.
In addition, NSIC promotes products of Micro and Small Entrepreneurs and
facilitates individual or consortium-based marketing of their goods and
services.
In line with the support extended
by NSIC, the central govt. has launched several schemes to help MSMEs. According
to priority sector norms, banks are mandated to lend at least 40% of their
Adjusted Net Bank Credit to MSMEs, which has been a key government initiative
supporting MSMEs. Moreover, under the recently launched Mutual Credit Guarantee
Scheme, MSMEs buying equipment and machinery receive guarantee cover of 60 per
cent of sanctioned credit and term loans up to ₹100 crore.
The webinar on “Driving MSME Growth with NSIC and Bank Support” will provide a platform for the participants to share their views and exchange ideas.
Key Discussion Points
- Leveraging NSIC’s bank tie ups
- NSIC’s Raw Material Assistance Scheme
- NSIC’s Marketing Support for MSMEs
- Benefiting from MCGS Scheme
