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What is National Small Industries Corporation?

posted by enterslice 6 months ago
tags: NSIC Registration

National Small Industries Corporation is Public Sector Unit established by Government of India and Enterprise under Ministry of MSME. NSIC has its headquarters in Delhi. The word NSIC is the abbreviated term for National Small Industries Corporation, the main aim of this Corporation is to promote the products of Small and Micro Entrepreneurs.

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As such, they established National Small Industries Corporation with objectives to provide machinery on hire purchase basis and assisting and marketing in exports. The National Small Industries Corporation Ltd. was established in 1955 by the Government of India with a view to promote, aid and foster the growth of small industries in the country.

NSIC also helps in organizing the supply of raw materials like coal, iron, steel and other materials and even machines needed by small-scale private industries. 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. NSIC is also a recognized export house. It was founded as a Government of India agency later made into a fully owned government corporation.


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