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NSIC - National Small Industries Corporation
NSIC - Facilitating the Growth of Small Enterprise Since 1955    


Last updated date - 5/23/2015
Media Room
Sh. Kalraj Mishra, Honíble Union Minister of MSME, Government of India Launches Scheme for Promotion of Innovation, Entrepreneurship and Agro Industry
Sh. Kalraj Mishra, Honíble Minister of MSME, Government of India launched the Scheme of Fund for Promoting Innovation, Entrepreneurship and Agro-Industry. This scheme has been designed by the Ministry of Micro, Small and Medium Enterprises, which has components like (i) Creation of a Technology Centres network; (ii) Capacity Building including Awards, Surveys, Studies, Exposure Visits, Engagement of Consultants including Monitoring and Evaluation etc.; (iii) Support for setting up of Livelihood Business Incubation Centres (LBIs) and Technology Incubation Centres; (iv) Accelerator Workshops; and (v) a Fund of Funds (to be managed by SIDBI) for Start-Up promotion. The idea is to provide a one stop solution to enterprise creation of innovative ideas, along with livelihood employment generation. The scheme also has the flexibility to add new components based on the experience during its implementation. During the launching ceremony, the presence of various NSICís incubates turned successful entrepreneurs, was also recognized by the Honíble Minister of MSME. Sh. Ravindra Nath, Chairman & Managing Director, NSIC informed that these trainees were trained in NSICís Rapid Incubation Centre in Delhi and are now successfully running their respective enterprises. Present on the occasion were Sh. Giriraj Singh, Honíble Minister of State for MSME, Sh. Madhav Lal, Secretary, Ministry of MSME, Sh. B.H. Anil Kumar, JS(ARI), Sh. S.N. Tripathi, JS(SME) and Sh. Ravindra Nath, Chairman and Managing Director, NSIC besides presence of large number of Government officials and industry representatives.

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