The National Small Industries Corporation Limited (NSIC) signs a MoU with MSME Ministry for FY 2018-19

The National Small Industries Corporation Limited (NSIC) has recently signed a MoU with Ministry of Micro, Small and Medium Enterprises (MSME) for the year 2018-19.The MoU envisages provision of enhanced services by NSIC under its marketing, financial, technology and other support services schemes, for MSMEs in the country. The corporation projects to increase its total business by 21.30% from Rs. 22,258 crore in the year 2017-18 to Rs. 27,000 crore in the year 2018-19. The NSIC is a Mini Ratna PSU established by the Government of India (GoI) in 1955. The headquarters is located in New Delhi. It is the nodal office for several schemes of Ministry of MSME such as Performance & Credit Rating, Single Point Registration, MSME Databank, National SC ST Hub, etc.