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National Small Industries Corporation Ltd: Current Affairs 

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National Small Industries Corporation Ltd (NSIC)

Relevance: Economy

Context: The Agricultural and Processed Food Products Export Development Authority (APEDA) signs MoU with NSIC for harnessing the exports potentials of Micro, Small and Medium Enterprises (MSMEs).

More on News:

  • This agreement will ensure cooperation in a range of areas focussing on harnessing exports potential of agricultural and processed food products manufactured by
  • According to the MoU, the key areas of cooperation include facilitating APEDA registered members getting assistance under all the NSCI schemes.
  • The MoU also envisages ensuring sustainability and growth of MSMEs by addressing issues such as technology, skill, quality products and market access.
  • It also supports the promotion of green & sustainable manufacturing technology for the MSME clusters to enable units to switch to sustainable and green production processes and products.
  • It will also facilitate the participation of MSMEs in fairs of international level including B2B & B2C fairs to be organized in India and abroad and also to mutually cooperate in international business development & promotions.
  • The MoU also entails assisting available under schemes of the Government of India towards capacity building of MSME enterprises for their social & environmental compliances and skilling as per international standards.

About National Small Industries Corporation Ltd (NSIC):

  • It has established in 1995 by the Ministry of Micro, Small and Medium Enterprises.
  • NSIC has been working to promote, aid and foster the growth of micro, small and medium enterprises in the country.
  • It provides integrated support services encompassing Marketing, Technology, Finance and other services.

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