Subsidy

Subsidy is considered a form of financial aid provided directly or indirectly, that provides a concession to the receiving individual or business entity. A subsidy is generally used as a form of support for particular portions of a nation’s economy. It can assist struggling markets by lowering the burdens placed on them, or encourage new developments by providing financial support for the endeavors.
The government has introduced various schemes that provide financial subsidy to the eligible enterprises.

We help our clients in availing various Government Grants & Subsidies such as:

Single Point Registration Scheme (SPRS)

The Government is the single largest buyer of a variety of goods. With a view to increase the share of purchases from the small-scale sector, the Government Stores Purchase Programme was launched in 1955-56. NSIC registers Micro & small Enterprises (MSEs) under Single Point Registration scheme (SPRS) for participation in Government Purchases.

Benefits of Registration
The units registered under Single Point Registration Scheme of NSIC are eligible to get the benefits under “Public Procurement Policy for Micro & Small Enterprises (MSEs) Order 2012” as notified by the Government of India, Ministry of Micro, Small & Medium Enterprises, New Delhi vide Gazette Notification dated 26.03.2012
• Issue of tender sets free of cost,
• Exemption from payment of Earnest Money Deposit (EMD),
• In tender participating MSEs quoting price within price band of L1+15 per cent shall also be allowed to supply a portion upto 20% of requirement by bringing down their price to L1 Price where L1 is non MSEs.

Eligibility

All industries which are registered with the Director of Industries (DI)/District Industries Centre (DIC) as manufacturing/service enterprises or having Acknowledgement of Entrepreneurs Memorandum (EM Part-II) are eligible for registration with NSIC under its Single Point Registration Scheme (SPRS).
The SPRS Certificate is granted to the Micro & Small Enterprise under Single Point Registration Scheme (Revised), 2003 is valid for Two Years and will be reviewed and renewed after every two years by verifying continuous Commercial and Technical Competence of the registered Micro & Small Enterprise in manufacturing / producing the stores for which it has been registered by NSIC
Provisional Registration Certificate with Monetary Limit of Rs.5.00 lakhs is issued to new micro and small enterprises subject to the followings:
• For the Micro & Small Enterprises who have already commenced their commercial production but not completed one year of existence. The Provisional Registration Certificate can be issued to such Micro & Small Enterprises under Single Point Registration scheme which shall be valid for the period of one year only from the date of issue after levying the registration fee and obtaining the requisite documents.
• The buying agencies & other institutions can verify the certificates through this website.

Micro, Small and Medium Enterprises (MSME)
Credit Linked Capital Subsidy Scheme (CLCSS)
Subsidy on Food Processing Industries for Technology Upgradation
Scheme For Cold Chain, Value Addition And Preservation Infrastructure
Scheme for Financing Agri-Business Projects with Venture Capital Assistance From Small Farmers'
Capital Investment subsidy scheme for construction expansion modernization of cold storage and storages for Horticulture Products