New Delhi March 31 (KNN) National Small Industries Corporation (NSIC) signed a MoU with Ministry of Micro, Small and Medium Enterprises (MSMEs) to provide enhanced services under its Financial, Marketing, Technology Services and other support services schemes for MSMEs in the country.
 
NSIC a mini ratna company has projected growth of 15%-20% in the operational performance of the Corporation during the year 2015-16.
 
Apart from taking up the responsibility of raw material distribution to the tune of Rs. 21000 crore in 2015-16 as against Rs. 18000 crore in the year 2014-15, NSIC will also prepare the MSEs to avail enhanced benefits under ‘Public Procurement’ through consortia formation, conducting vendor development program and providing tender information to facilitate in tender participation.
 
The company will also adopt 10 clusters to extend benefits of NSIC’s Schemes to the MSMEs operating from such clusters.
 
NSIC during the year will facilitate MSMEs in their marketing efforts as well through its portal www.msmeshopping.com.

Further, Ravindra Nath, CMD, NSIC informed that special focus will also be given by NSIC to enhance the entrepreneurship and skill development activities through setting up livelihood incubation centres under the Scheme for “Promotion of Innovation, Entrepreneurship and Agro- Industry” of Ministry of MSME.

The MOU for the year 2015-16 was signed by Ravindra Nath, CMD, NSIC with Madhav Lal, Secretary, MSME here today in the presence of S.K. Tripathi, Joint Secretary, MSME, P. Udaya Kumar, Director (P&M), NSIC and  Jitesh John, Director, MSME. (KNN/VV)