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NSIC SIGNS MOU WITH CANARA BANK FOR FINANCING CREDIT TO MSME UNDER ITS BANK TIE UP SCHEME
On 13 June 2013, NSIC and Canara Bank signed a MOU agreement to promote Credit facilitation for sustainable development of MSMEs.The agreement not only aims at facilitating credit for MSMEs but also encourages them for being rated under Performance and Credit Rating Scheme so as to prepare them for meeting emerging global challenges. The MOU was signed by Sh. Ravindra Nath Director (Finance) of NSIC and Sh. K.S Chandramouli General Manager of CANARA BANK.
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NSIC SIGNS MOU WITH SYNDICATE BANK FOR FINANCING CREDIT TO MSME UNDER ITS BANK TIE UP SCHEME
NSIC has been making sustained endeavors for catering to the financial needs of MSMEs by making tie ups with various banks. This initiative has been extended with NSIC entering into MOU with SYNDICATE BANK on 10.06.2013. This makes SYNDICATE BANK the 22nd commercial bank to enter into this unique tie up arrangement . Under this MOU arrangement collaborative efforts would be undertaken to extend timely and affordable credit to MSMEs.
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JAPAN DELEGATION VISITS NSIC
Prof.Shoji Shiba, Chief Adviser, Visionary Leaders for Manufacturing Program (VLFM ), Japan and Dr. Sarita Nagpal of CII called upon Dr. H.P. Kumar, CMD, NSIC to apprise him of their new initiative “ 1000 SME Projects” which aims to help MSMEs who have a customer –supplier relations to transform themselves into having win-win relationships.
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SADC COMMITTEE OF AMBASSADORS VISITS NSIC
A delegation led by His Excellency Mr.Jose Maria Morais ,High Commissioner, , Republic of Mozambique visited NSIC to discuss various areas of development cooperation between India and South African Development Community (SADC) members and to know about self-employment opportunities through Incubation program of NSIC in the country. The delegation was briefed by Dr. H.P. Kumar, CMD, NSIC and other officials about the program.
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SME CONCLAVE 2013 INAUGURATED BY CMD,NSIC
The SME Conclave 2013 organised by CARE Rating Agency was inaugurated by Dr.H.P.Kumar,CMD,NSIC recently.Also present on the occasion were Mr.Rakesh Dogra, Managing Director & CEO,CARE Ratings. Giving his inaugural address ,Dr Kumar,CMD,NSIC stated Indian SMEs have been the driving force of India`s growth story.
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Shri K.H. Muniyapa, Minister of State (Independent Charge) , Ministry of Micro,Small and Medium Enterprises, inaugurated the NSIC Vendor Development Program and Buyer Seller Meet.
Shri K.H. Muniyapa, Minister of State (Independent Charge),Ministry of MSME, inaugurated the NSIC Vendor Development Program and Buyer Seller Meet at Feroze Gandhi Degree College , Rai Bareilly (UP) .Also present on the occasion were Dr.H.P.Kumar,CMD, NSIC, Shri U.P.Singh, CEO ,KVIC amongst other dignitaries .
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NSIC – Canada sensitize MSME sector
Dr. H.P. Kumar, Chairman cum Managing Director, National Small Industries Corporation, New Delhi and Ms. Susan Fennell, Mayor of Brampton, Canada shared their views on potential & opportunities for cooperation in Small & Medium Enterprise Sector between both the countries in an Interactive Session during the visit of the Canadian delegation led by Ms. Fennel to India recently.
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NSIC signs MOU with Ministry of Micro, Small and Medium Enterprises
NSIC signed Memorandum of Understanding (MOU) for the year 2013-14 with Ministry of Micro, Small and Medium Enterprises. The MOU was signed by Shri Madhav Lal, Secretary, MSME, Govt. of India and Dr. H.P. Kumar, CMD, NSIC. Shri C.K. Mishra, Joint Secretary, Ministry of MSME ,Shri Ravindra Nath, and Shri P.Udayakumar, Directors were also present.
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The NSIC and IIDFC renew SME Cooperation agreement
The mutual cooperation agreement between National Small Industries Corporation (NSIC), India and Industrial and Infrastructure Development Finance Company Limited (IIDFC), Bangladesh has been renewed for further three years at a function at IIDFC Office in Dhaka, Bangladesh on 24 March 2013.Chairman cum Managing Director of NSIC Dr. H.P. Kumar and Chairman of IIDFC Mr. Matiul Islam signed the renewal agreement on behalf of their respective sides.
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Seminar on Micro Small & Medium Enterprise (MSME) in Dhaka, Bangladesh
The Bangladesh Bank and the India-Bangladesh Chamber of Commerce and Industry (IBCCI) jointly organized a seminar on Micro, Small & Medium Enterprises (MSME) in association with the Indian High Commission in Dhaka, Bangladesh at the Centre on Integrated Rural Development for Asia and the Pacific (CIRDAP) conference room on 23rd March 2013. Presided over the IBCCI president Shri Abdul Matlub Ahmad the inaugural function was addressed by among other Dr. H.P. Kumar, Chairman cum Managing Director, National Small Industries Corporation (NSIC), Shri Sushil Muhnot, Chairman and Managing Director, Small Industries Development Bank of India (SIDBI), Shri Pankaj Saran, Indian High Commissioner in Dhaka, Shri Khandaker Ibrahim Khaled, Former Deputy Governor of the Central Bank, Shri Rajiv Chawla, IAM SME of India.
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NSIC exchanged Memorandum of Understanding (MOU) for cooperation with Social Fund for Development (SFD), Arab Republic of Egypt
NSIC exchanged Memorandum of Understanding (MOU) for cooperation with Social Fund for Development (SFD), Arab Republic of Egypt in the august presence of Hon’ble Prime Minister of India, Dr. Manmohan Singh and Hon’ble President of Arab Republic of Egypt H.E. Mr. Mohamed Morsy during the visit of the Hon’ble President of Egypt to India.
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NSIC signed Agreement with Ministry of External Affairs (MEA), Government of India for upgradation of Vocational Training Centre in Egypt
National Small Industries Corporation (NSIC) signed Agreement with Ministry of External Affairs (MEA), Government of India for upgradation of Vocational Training Centre in Egypt on 15th March, 2013 at South Block, New Delhi.
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Chief Minister, Orissa inaugurates NSIC -MSME International Orissa Trade Fair 2013
Chief Minister, Orissa inaugurates NSIC -MSME International Orissa Trade Fair 2013. Sri Panchanan Das,I.S.S. Special Secretary, MSME, Govt of Odisha, Sri P.Udayakumar, Director(P&M) NSIC, Sri D.K.Singh,I.A.S. Commissioner cum Secretary, MSME, Govt of Odisha, Sri R.Kakkar, I.A.S. Secretary, Ministry of Food Processing, GOI, Sri Naveen Patnaik, Dr. Damodar Rout, Minister MSME, Health & Family Welfare, Sri Ashok Kr. Panda, MLA and Sri Bijoy Kr. Mohanty, MLA were present on this occasion.
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NSIC wins India Pride Award
NSIC wins India Pride Award in recognition of NSIC’s innovative approach for creation of new employment opportunities for unemployed youths through its Rapid Incubation Programme. The award was received by Dr.H.P.Kumar, CMD,NSIC from Dr. M. Veerappa Moily, Union Minister, Ministry of Petroleum, Government of India The jury for the awards was chaired by Former Chief Justice of India Justice R.C.Lahoti and included Dr.S.Y.Qurashi, former Chief Election Commissioner ,amongst other eminent personalities.
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NSIC signs MOU with Indian Overseas Bank for financing credit to MSME under its Bank Tie Up Scheme
NSIC signs MOU with Indian Overseas Bank on 16.01.2013 at New Delhi. With this joint association with Indian Overseas Bank NSIC aims to provide seamless credit flow to entrepreneurs thereby empowering them in realizing their dreams . The MOU was signed by Sh. Ravindra Nath Director (Finance) of NSIC and Sh. Yogesh Jain (General Manager) of Indian Overseas Bank .
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CMD NSIC greets employees on New Year’s Day
All the employees of the Company organised a get-together with Dr. H.P. Kumar, CMD, NSIC on the occasion of New Year’s Day .The CMD, NSIC encouraged everyone to maintain and improve the image of the Company and work hard to continue the growth of the company and MSME Sector. Dr. H.P. Kumar, CMD, NSIC also impressed upon the employees the need to respect and honour Women and led them in a one minute pledge to respect woman in every walk of life.
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NSIC sets up free Artificial Limb Distribution Camp
NSIC Under its Corporate Social responsibility initiatives, in association with Bharat Vikas Parishad Charitable Trust, Punjab organized Free Artificial Limb Distribution Camp at Ludhiana. Shri Ravindra Nath, Director(Fin),NSIC distributed Artificial Limbs, Tricycle & Wheel Chairs free of cost in the camp to Physically Challenged Persons.
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NSIC signs MOU with Mozambique
NSIC signed MOU with IPEME for setting up Vocational Training Centre at Mozambique.The MoU was signed by Shri P.Udayakumar,Director(P&M) ,NSIC and Mr. Claire MateusZimba,Director General,IPEME in the presence of officials of Indian High Commission and IPEME,Mozambique.
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