The scheme covers purchase/discounting of bills arising out of genuine trade transactions i.e., purchase of supplies made by small scale units to reputed public limited companies/State and Central Government Departments/Undertakings.
Bills drawn by small-scale units for supplies made by them and duly accepted by purchaser will be financed against security of bank guarantee in favour of NSIC.
Purchaser unit(s) may approach NSIC for sanction of annual limits by furnishing information as per the prescribed application form.
| Particulars |
Effective rate of interest (w.e.f., 20/09/2011) |
|
(i) Units having valid SE 1A rating under NSIC’s
rating scheme |
12.40%
|
|
(ii) Units having valid SE 2A rating under NSIC’s
rating scheme |
12.90% |
|
(iii) Units having valid SE 1B rating under NSIC’s
rating scheme |
12.90%
|
| (iv) Other units Assistance against the security of BG/SDR/FDR | 13.40% |
Entrepreneurs
Application for request to sanction limit under Bill Discounting Scheme is to be submitted by seller unit duly signed by authorised signatory i.e., Proprietor/Partner/Director of the Firm/Company in duplicate in prescribed form.
