New Delhi, April 11 (KNN) The National Small Industries Corporation (NSIC) has signed a Memorandum of Understanding (MOU) with Ministry of Micro, Small and Medium Enterprises (MSMEs) for the year 2015-16.
 
The memorandum was signed by CMD, NSIC, Ravindra Nath with MSME Secretary Madhav Lal yesterday.
 
The MOU envisages provision of enhanced services by NSIC under its Financial, Marketing, Technology Services and other support services schemes for MSMEs in the country.
 
The MoU projects growth of 15%-20% in the operational performance of the Corporation during the year 2015-16.
 
Other than that, some of the key elements of the MOU for 2015-16 inter-alia include: Raw Material Distribution to the tune of Rs. 21000 crore in 2015-16 as against Rs. 18000 crore in the year 2014-15; Preparing MSEs to avail enhanced benefits under ‘Public Procurement’ through consortia formation, conducting vendor development program and providing tender information to facilitate in tender participation; Facilitate MSMEs in their marketing efforts through mobilising  greater membership under e-marketing portal-www.msmeshopping.com and more.
 
Nath also said 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.

Also present during the MOU signing ceremony were S.N.Tripathi, Joint Secretary, MSME, P. Udaya Kumar, Director (P&M), NSIC and B. H. Anil Kumar, Joint Secretary (ARI). (KNN/SD)