Professional Documents
Culture Documents
Bangalore - 560064
Department of Information Science and Engineering
Submitted by:
Ruchitha V – 1BY16IS037
MARKS: SIGNATURE
INTRODUCTION ABOUT INSTITUTIONAL SUPPORT:
INTRODUCTION:
The National Small Industries Corporation Ltd., (NSIC), is an ISO 9001
certified company.
It is established by Government of India in 1955.
It falls under Ministry of Micro, Small & Medium Enterprises of India.
NSIC 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.
It was founded as a Government of India agency later made into a fully owned
government corporation.
NSIC (National Small Industries Corporation) is an ISO certified Indian
Government Enterprise under Micro, Small and Medium Enterprises. National
Small Industries Corporation is working to aid, foster and promote the growth of
MSMEs (micro, small and medium enterprises) all across the country.
NSIC operates all across the nation through a network of Technical Centres and
offices. To manage its functions and operations in African countries, National Small
Industries Corporation operates performs its administration from Johannesburg,
South Africa. Apart from this, National Small Industries Corporation has set up
Training cum Incubation Centres managed by highly trained professional
manpower.
Marketing Support
Marketing support has been considered as one of the most important tools for the
development of any business. It is crucial for the survival and growth of Micro,
Small and Medium Enterprises in today’s intensely competitive market. National
Small Industries Corporation devised numerous of schemes to support enterprises
(both domestic and foreign markets) in their marketing efforts. These schemes are
briefly described as under:
2. Marketing Intelligence
Disseminate and collect both international as well as domestic marketing
intelligence for the benefit of Micro and Small Enterprises. This Marketing
Intelligence cell, apart from to spreading awareness about several schemes for
MSMEs, will maintain a database in detail and distribute information.
3. Exhibitions and Technology Fairs
To showcase the core competencies of Micro and Small Enterprises in India and to
capitalize market opportunities, National Small Industries Corporation participates
in National and International Trade Fairs and Exhibitions every year. National Small
Industries Corporation facilitates the participation of the MSEs by offering
concessions in rental etc. Participation in these national and international events
exposes Micro and Small Enterprises units to international practices and improves
their business competencies and prowess.
Credit Support
National Small Industries Corporation enables credit requirements of MSEs in the
following areas:
Technology Support
NSIC offers small enterprises the following support services through its Technical
Services Centres.
FUNCTIONS OF NSIC:
The important functions of NSIC are as follows:
Financial assistance by way of hire purchase scheme for purchase of local and
imported machinery.
Provision of various equipments on lease basis.
Assistance for marketing the products in the country and also to help in
exporting the products of SSI units.
Enlisting quality conscious good SSI units for sending enquiries of
Government stores and purchase departments.
Training of workers in various trades required for SSI units.
Assistance in upgradation of technology, processes and modernization of
plant and machinery.
To make bulk purchases of important raw materials and distribute to SSI units
at reasonable rates. This avoids speculation and exploitation by the traders.
To develop industrial estates and testing facilities in the industrial areas.
LATEST NEWS ABOUT NSIC:
• NSIC inks pact with Malaysia's SME Corporation: 25th Jan, 2018
Besides, three other agreements were also signed between Indian and Malaysian
entities to strengthen cooperation among smaller businesses in these countries.
The letter said that bank guarantees amounting to Rs 173.50 crore "were
subsequently invoked by NSIC and the invocation proceeds of these bank guarantees
are yet to be released by the UBI to NSIC.
The National Small Industries Corporation Ltd. (NSIC) has built an office in
Bhubaneswar with an investment Rs 550 million. It has built its largest office
building in eastern India with a build-up area of 1, 10,000 sq. ft. at
Bhubaneswar.
The building will also have offices of various agencies like National Skill
Development Corporation, National Skill Training Institute (NSTI) and other
agencies will provide to give their support to various MSMEs including
SC/ST community.
The inauguration of the new office is going to take place on the 30th of August,
2018