SBB480

Raw Material Assistance Scheme

The Raw Material Assistance Scheme, managed by the Ministry of Micro, Small and Medium Enterprises, supports startups by facilitating the procurement of raw materials with credit support for up to 180 days. Entrepreneurs can apply using prescribed forms available online or at local branch offices, enabling them to benefit from bulk purchasing and cash discounts.

Central

States / UT: All India

Ministry / nodal: Ministry of Micro, Small and Medium Enterprises

Department: NSIC

Nodal department: NSIC

Scheme for: Startups

Scheme profile

DBT (direct benefit transfer): No

Target beneficiaries: Startups

Tags: startups, Raw Material

Details

Brief

Raw Material Assistance Scheme aims at helping MSMEs by way of financing the purchase of Raw Materials (Both indigenous & imported). This gives an opportunity to MSMEs to focus better on manufacturing quality products.

Eligibility

  • The Entrepreneurs are required to apply for Raw Material Assistance only on the prescribed application forms. The application forms downloaded from the link given below may be filled and can be submitted to the nearest Branch Office. The blank forms are also available free of charge from the Branch offices.

Benefits

  • - Facilitating procurement of Raw Material with credit support up to 180 days
  • SMEs helped to avail Economics of Purchases like bulk purchase, cash discount etc
  • Facilitating procurement of Raw Material with credit support up to 180 days
  • SMEs helped to avail Economics of Purchases like bulk purchase, cash discount etc.

Eligibility

  • The Entrepreneurs are required to apply for Raw Material Assistance only on the prescribed application forms. The application forms downloaded from the link given below may be filled and can be submitted to the nearest Branch Office. The blank forms are also available free of charge from the Branch offices.

Application Process

Online / portal

Official application / information link: https://www.nsic.co.in/schemes/Raw-Material-Against-BG

Source listing: https://www.startupindia.gov.in/content/sih/en/government-schemes.html

References

Apply

Apply now

Opens the official application or programme portal in a new tab. If in doubt, confirm details on the ministry site.

Documents Required for Government Schemes

Most government schemes require basic documents for verification. While the exact requirements vary, common documents include:

  • Aadhaar Card
  • Income Certificate
  • Caste Certificate (if applicable)
  • Residence Proof
  • Bank Account Details
  • Educational Certificates (for student schemes)

How to Apply for Government Schemes?

The application process for government schemes may be online or offline depending on the scheme. In most cases, you can follow these steps:

  1. Check eligibility criteria
  2. Collect required documents
  3. Fill the application form
  4. Submit the application online or at the relevant office
  5. Track application status