Micro, small and medium enterprises in Noida looking for support in procuring raw materials can use the Raw Material Assistance scheme offered by the National Small Industries Corporation, or NSIC.
According to NSIC’s current scheme information, the programme supports procurement of indigenous as well as imported raw materials and can provide assistance for a period of up to 180 days.
The assistance is provided against a Bank Guarantee, so businesses considering the scheme should review the financial and documentation requirements before applying.
What does the NSIC Raw Material Assistance scheme cover?
NSIC describes the scheme as a way to help MSMEs finance their raw-material requirements.
The current official scheme page confirms that:
- Assistance can cover indigenous and imported raw materials.
- The assistance period can extend up to 180 days.
- A Bank Guarantee is required as security.
- Interest and processing charges apply according to NSIC’s current schedule.
NSIC updated the current scheme information and rate structure on July 10, 2026.
Businesses should check the official NSIC page before applying because interest rates and other financial conditions can change.
Is there an application deadline?
The current NSIC scheme page does not list a fixed closing date for Raw Material Assistance.
This is therefore different from a time-bound tender or application window.
Applicants should still check the official scheme page when they apply to make sure the eligibility conditions, rates, documentation and processing requirements have not changed.
Is the application form free?
Yes.
NSIC states that the prescribed application form can be downloaded free of cost from its official website.
Businesses should not pay an agent or intermediary simply to obtain the application form.
The free application form should not be confused with the financial costs associated with the assistance itself. Interest, processing charges and Bank Guarantee requirements are separate and should be checked against the current NSIC scheme terms.
How can a Noida MSME apply?
NSIC instructs applicants to use its prescribed application form and submit it through the relevant NSIC branch.
NSIC maintains a branch office in Sector 18, Noida, which can be located through the organisation’s official branch directory.
Before submitting an application, an MSME should review:
- The current Raw Material Assistance scheme conditions.
- The prescribed application form.
- The Bank Guarantee requirements.
- The current interest and processing-charge schedule.
- The documents required with the application.
Applicants should rely on current NSIC documentation rather than third-party summaries of the scheme.
What should businesses check before committing?
Raw-material finance can affect working-capital costs, so businesses should read the current financial terms carefully rather than looking only at the maximum assistance period.
In particular, applicants should check the applicable interest rate, processing charges and Bank Guarantee requirements on the official NSIC page before submitting an application.
Pulse of Noida has not independently assessed processing times, approval rates or the experience of Noida businesses using the scheme. Those would require separate reporting from applicants and NSIC.
Official sources
NSIC Raw Material Assistance
National Small Industries Corporation’s current Raw Material Assistance against Bank Guarantee scheme page.
View the official NSIC Raw Material Assistance scheme
NSIC application forms
The prescribed application form is available through NSIC’s official downloads section and is stated to be free of cost.
NSIC branch directory
Applicants in Noida can use NSIC’s official branch directory to locate the Sector 18 branch and current contact information.
Applicant warning: Use only current NSIC documents and official payment or Bank Guarantee instructions. The application form itself is free. Interest, processing charges and Bank Guarantee requirements are separate scheme conditions.
