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Ministry of Micro,Small & Medium Enterprises

Financial Assistance to MSMES

The National Small Industries Corporation Limited (NSIC), a Public Sector Undertaking under Ministry of MSME, facilitates Micro, Small and Medium Enterprises (MSMEs) to meet their raw material requirement by making arrangements with bulk manufacturers for procuring the materials and supplying the same to MSMEs. NSIC also provides financial assistance to MSMEs under their Raw Material Assistance (RMA) Scheme against bank guarantee for payment to the suppliers. The details of the assistance provided to MSMEs by NSIC under Raw Material Assistance Scheme in last two years and current year are as under:

Financial yearNo. of units supportedCredit support provided (Rs.in lakh)
2019-202842524495.62
2020-212699439843.75
2021-22(upto 26.11.20212445308303.03

The details of assistance provided to MSMEs under Raw Material Assistance Scheme of NSIC in Bihar and Madhya Pradesh during last two years and current year (upto 02.12.2021) are as under:

Financial YearBiharMadhya Pradesh
 No. of UnitCredit support (Rs.in lakh)No. of UnitCredit support (Rs.in lakh)
2019-20212058.178215351.49
2020-21202344.72679791.60
2021-22 (upto 02.12.2021)191067.90726099.27

The Ministry of MSME implements various schemes and programmes for promotion and development of MSME Sector. These schemes and programmes include Prime Minister’s Employment Generation programme (PMEGP), Scheme of Fund for Regeneration of Traditional Industries (SFURTI), A Scheme for Promoting Innovation, Rural Industry & Entrepreneurship (ASPIRE), Interest Subvention Scheme for Incremental Credit to MSMEs, Credit Guarantee Scheme for Micro and Small Enterprises (CGTMSE), Micro and Small Enterprises Cluster Development Programme (MSE-CDP), Special Credit Linked Capital Subsidy Scheme (SCLCSS).  Further, till date, subsidy of Rs. 88.24 Cr has been provided to 849 SC-ST entrepreneurs under Special Credit Linked Capital Subsidy Scheme.

This information was given by Union Minister for MSME Shri Narayan Rane in a written reply in Lok Sabha today.

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