Shri P.Udayakumar,Director (P&M) with Indian Ambassador Mr,Jaideep Sircar in TelAviv,Israel during the Innovation Conference, Israel.

Union Minister of State (Independent Charge), Entrepreneurship & Skill Development, Sports and Youth Affairs, Sri Sarbananda Sonowal has visited NSIC Incubation Centre at Guwahati on 22nd June,2014. He has been apprised the activities of NSIC specially in the North Eastern part of India by C.G.M. Sri J.K.Mahanta.

To promote Credit facilitation for sustainable development of MSMEs,the DCB Bank signed an MoU with CRISIL in the presence of Dr.H.P.Kumar,CMD,NSIC. The MoU not only aims at facilitating credit for MSMEs but also encourages them for Rating under Performance and Credit Rating Scheme .The MOU being exchanged between Shri Sachin Nigam,President & Business Head (Ratings),CRISIL and Shri Abhijit Bose, Group Sr-VP,DCB Bank Ltd.

NSIC signed MOU with State Bank of Bikaner and Jaipur to promote Credit facilitation for sustainable development of MSMEs recently. The MOU was signed by Shri Ravindra Nath, Director (Finance) , NSIC and Shri A.M Maheswari, Dy. General Manager (MSME) , State Bank of Bikaner and Jaipur. NSIC and signed a MOU agreement. The MOU aims at facilitating credit for MSMEs and encourages them for being rated under Performance and Credit Rating Scheme so as to prepare them for meeting emerging global challenges.

During the workshop on NSIC Performance & Credit Rating Schemes held at Planning Commission, Shri Arun Maira, Member Planning Commission, releases a Report on Performance & Credit Rating Scheme in the presence of Dr. H.P. Kumar, CMD, NSIC and Ms.Roopa Kudva, Managing Director & CEO, CRISIL.

NSIC organised a in house Interactive Sessions at the NTSC conference Hall, New Delhi for NSIC Branch Heads and other employees in the country to Share their Experiences & Develop Strategies for the year 2014-15 for the growth of MSME sector and effective dissemination of the benefits of NSIC Schemes. Inaugurating this 4th Management Development Program (MDP),Shri .Ravindra Nath, Director(Finance),NSIC encouraged the participants to become pro-active with the MSME sector and reach out at the door steps of prospective customers for enhancing the performance of NSIC.

NSIC and Development Credit Bank (DCB) signed a MOU agreement to promote Credit facilitation for sustainable development of MSMEs recently. The signed MOU being exchanged by Dr.H.P.Kumar,CMD, NSIC and Sh. Murali.M.Natrajan,MD&CEO, Development Credit Bank .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.

A delegation led by Mr. Bathatswi Tsayang, Chairman, Board of Local Enterprise Authority(Botswana) and Dr.T.T.K.Matome ,CEO, Local enterprise Authority, Botswana visited NSIC during their recent visit to India 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. Shri Ravindra Nath, Director(Finance),NSIC was also present during their visit. The Botswana delegation further expressed their desire to set up similar Incubation Centre(s) ,developing policies and Institutional framework for SME development in Botswana.

The All India MSME Association(Mumbai) Conference on Credit Flow, Marketing and Branding of MSMEs was inaugurated by Dr.H.P.Kumar,CMD,NSIC.The Conference laid focus on the needs of the MSMEs in terms of Technology Upgradation, Marketing and Credit facilitation through NSIC`s schemes. Also present during this program was Shri Dr.Avinash Dalal ,Founder President , All India MSME Association.

NSIC signs MOU with ICICI Bank providing credit support to MSME Units. The MOU was signed by Sh. Ravindra Nath Director(Finance) of NSIC and Sh. Bhavesh Gupta (Group Head-Self Employed Segment) of ICICI Bank on 15.01.14. This agreement will make it possible for two organizations to share their strengths in offering MSMEs the best reliable solutions to meet their credit requirements. On this occasion Director (Finance ) of NSIC proudly endorsed that this agreement is a value added tool that will enable us to create stronger links with MSMEs for meeting their diverse credit requirements.

At the 15th National Summit on Accelerating Business Transformation- Best in Class Practices and Culture ,Shri Ravindra Nath , Director (Finance),NSIC receives Top Rankers “Excellence Award for Financial leadership “in recognition of formulating strategies and policies for the development of MSMEs in India and abroad. The awards are given to recognize and honor deserving corporate and outstanding senior professionals in various management disciplines including HR, Marketing, Finance, IT and Operations.

NSIC has established a Vocational Training cum Incubation Centre (VTC/IC) at Addis Ababa, Ethiopia on turnkey basis under India Africa Forum Summit (IAFS-I), 2008 of Ministry of External Affairs, Government of India. The purpose of the Incubator is to provide hands on practical training to first generation budding entrepreneurs and unemployed persons in order to equip them with knowledge and expertise for setting up new small enterprises. The Centre is equipped to provide training in 20 types of manufacturing trades such as Soya Milk, Bakery & biscuits, tomato ketchup & fruit juice, honey processing, edible oil extraction, water filtration, packaging, gemstone cutting & polishing, jewelry making, paper napkin, toilet rolls, plastic bottle & caps, socks knitting, candle, chalk, wire nails, barbed wire, etc.The newly established Incubation Centre was handed over by NSIC to Federal Micro & Small Enterprises Development Agency (FeMSEDA), a Government Institution facilitating creation and support to Micro and Small Enterprises in Ethiopia on 15th November, 2013.