ANNUAL REPORT - Dc Msme

Bank, Oriental Bank of Commerce,
Central Bank of India, Bank of
Maharashtra, YES Bank, AXIS Bank,
Karur Vysya Bank, HSBC, Chinatrust
Commercial Bank, Union Bank of
India and State Bank of Hyderabad)
for helping MSMEs in accessing
term and working capital loans.
During the current financial year
up to 31st December, 2010, credit
support to the tune of Rs. 64.16
crore was provided.
b) Financing Procurement
of Raw Materials & Marketing
Activities (Short term)
NSIC facilitates raw material
requirement of the MSMEs by
making arrangements with bulk
manufacturers for procuring the
materials and supplying the same
to MSMEs. In case they need any
credit support, NSIC provides
financial assistance for raw
material procurement by making
the payment to suppliers. NSIC
facilitates financing for marketing
activities such as Internal Marketing,
Exports and Bill Discounting to
MSME
MSMEs.
Chapter -VIII NSIC
Under above mentioned schemes,
NSIC provided credit facilitation to
the tune of Rs. 1022.41 crore during
2009-10 and in the current financial
year up to December, 2010 credit
facilitation to the tune of Rs 935.22
crore was provided.
c) Performance & Credit Rating
Scheme for Small Enterprises
On behalf of the M/o MSME, NSIC
is implementing “Performance &
Credit Rating Scheme” for micro
and small enterprises (MSEs). The
scheme is being operated through
07 accredited rating agencies i.e.
CARE, CRISIL, FITCH, ICRA, ONICRA,
Dun & Bradstreet and SMERA. The
fee to be paid by the MSEs for
the rating, is subsidized by the
Government to the extent of 75%
of the rating fee up to a maximum
of Rs.40,000/- for the first year of
rating. The scheme has become
quite popular and getting good
response. During 2009-10, a total
of 7,531 units were rated under the
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Annual Report
2010-11