National Small Industries Corporation (NSIC) and State Small Industries Corporations Commercial Banks, List of SFC is given in this Directory at Annexure II, Commercial Banks, Registration

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	List of SFCs is given in this Directory at Annexure II. National Small Industries Corporation (NSIC) and State Small Industries Corporations (SSICs) NSIC and SSICs supply machinery on hire-purchase basis to small scale and ancillary industries, the value of which would not exceed Rs. 60 Lakhs and Rs. 75 Lakhs respectively, inclusive of the value of machinery and equipment already installed. The payment for the machinery and equipment is made directly to the suppliers. The hire-purchase value is generally recovered in 13 half-yearly instalments and a rebate of 2 per cent allowed if the instalments are paid on or before the due date. While NSIC supplies both imported and indigenous machinery, SSICs supply only indigenous machinery. List of branches and subordinating assistance of NSIC is placed at Annexure II.
The Single point registration scheme of NSIC was introduced in 1976 to avoid the need for multiplicity of registration by the SSI units with different purchasing agencies like DGS & D, Railways, Defence etc. The NSIC enlists the SSI Units to undertake supply of various items needed by the Government Departments/Public Sector Undertakings. Complete details can be had from anyone of the following offices of the NSIC which are listed at Annexure III.
Commercial Banks Commercial Banks mostly provide short term and in some cases medium term financial assistance also to small scale units. Short term credit facilities are granted for working capital requirements like those for raw materials, goods-in-process, finished products, bills receivables and book debts. Medium term loans are granted for the acquisition of land construction of factory premises, purchase of machinery and equipment and operative expenses. These loans are generally granted for periods ranging from five to seven years. They also establish letters of credit on behalf of their clients favouring supplies of raw material/machinery (both Indian and foreign) which extend the bankers assurance for payment and thus help their delivery.
Certain transactions, particularly those in contracts of sale to government departments may require guarantees being issued in lieu of security/earnest money deposits for release of advance money, supply of raw materials for processing, full payment of bills on assurance of performance, etc. Commercial banks issue such guarantee also.
	Registration Small scale industries are not subjected to compulsory licensing, Registration with the State Directorate of Industries is also not mandatory. Registration, however, helps in many ways. For example, Registration with State Directorates of Industries helps a unit to obtain all facilities and assistance from Government. Registration of Small Scale Units is done in two stages: (a) Provisional registration (b) Permanent registration Provisional registration enables the unit to apply for and obtain facilities such as allotment of factory sheds/plots in industrial estates, water and power connections, liberalised financial assistance, machinery on hire purchase etc. from Central/ State Government Organisations like National Small Industries Corporation and State Small Industries Corporations.

Provisional registration is granted at the District Industries Centres level the same day on receipt of application. After the unit has obtained all clearances and has taken all steps to commence production, it can apply for permanent registration.

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