Media & News

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. The Agreement was signed by Dr. H.P. Kumar, Chairman-cum-Managing Director, NSIC and Shri Ravi Bangar, Joint Secretary (East & Southern Africa), MEA. The projects envisage creating self employment opportunities by imparting training in entrepreneurship building and skill development. NSIC is also setting up similar Centres in other African Countries viz. Ethiopia, Burundi, Mozambique, Zimbabwe, Gambia, Gabon, Rwanda, Burkina Faso & Libya with a view to promote creation and development of Micro and Small Enterprises.

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 .

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.

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.

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.

NSIC has entered into MOU agreement with Punjab and Sind Bank on 23.10.2012 to bolster its endeavour towards catering to the financial needs of MSMEs in the country. NSIC’s unique alliance with Punjab and Sind Bank will help in nurturing the Micro and Small Scale Industries to build their financial strength and sustain in the global markets. The MOU was signed by Sh. Ravindra Nath Director (Finance) of NSIC and Sh.Vijay Srivastav (General Manager) of Punjab and Sind Bank.

NSIC has set up Training Cum Incubation Centres for Incubation of Unemployed youth for setting up new Small Enterprise all over the country. During his recent visit to NSIC, Shri Vivek Rae, Secretary, MSME along with Shri C.K.Mishra, Joint Secretary, MSME ,Shri Dinesh Singh, Joint Secretary ,MSME and Shri Jitesh John, Director, Ministry of MSME visited the NSIC –Training cum Incubation Centre and appreciated the efforts of NSIC in creating self-employment opportunities through Incubation program of NSIC . The delegation was briefed by Dr. H.P. Kumar, CMD, NSIC and other officials about the program and other schemes of NSIC in the country for the growth and development of MSME sector. The NSIC Incubation program is a integrated support by way of providing hands on training on working projects, it provides necessary facilities for prospective entrepreneurs and start up companies to learn product manufacturing processes coupled with technology development, Business development etc under one roof.

A two member delegation from NSIC led by Director (Finance) visited Burundi from 09.09.2012 to 10.09.2012 to (i) sign the country agreement with the Recipient Institution of the country and (ii) inspect the readiness of Infrastructure in respect of establishment of Incubator under IAFS-I. The signatories were Mr. Ravindra Nath, Director (Finance), NSIC and Mr. Severan Buzingo, Hon’ble Minister for Primary and Secondary Education, Crafts and Vocational Training and Literacy, Bujumbura.

A two member delegation from NSIC led by Director (Finance) visited Ethiopia from 06.09.2012 to 08.09.2012 to (i) sign the country agreement with the Recipient Institution of the country and (ii) inspect the readiness of Infrastructure in respect of establishment of Incubator under IAFS-I. The signatories were Mr. Ravindra Nath, Director (Finance), NSIC and Mr. Gebremeskel Challa, Director General, Federal Micro and Small Enterprises Development Agency (FeMSEDA), Ethiopia respectively. The Mr. Bhagwant Singh Bishnoi, Ambassador of India and Mr. Desalegne Ambaw, the State Minister of Urban Development and Construction along with all Directors of FeMSEDA were present to witness the signing occasion.

NSIC signed MOU with Indian Bank on 21.09.2012 at Chennai. Under this initiative, NSIC aims to facilitate MSMEs for availing seamless credit flow from the Bank. This service is provided by NSIC without any charge from MSMEs. The MOU was signed by Sh. Ravindra Nath Director (Finance) of NSIC and Sh. P. Arivanandam (General Manager) of Indian Bank.

NSIC signed MOU with Allahabad Bank on 15.09.2012 at Kolkata. Under this joint initiative, NSIC aims to facilitate MSMEs for availing seamless credit flow from the Bank. This service is provided by NSIC without any charge from MSMEs. The MOU was signed by Sh. Ravindra Nath Director (Finance) of NSIC and Sh. B.K Srivastava (General Manager) of Allahabad Bank.

NSIC renewed its MOU arrangement with United Bank of India on 14.09.2012 at Kolkata. The MOU formalizes the longstanding mutual cooperation between the two organizations for providing maximum credit solutions to MSMEs in India. The MOU was signed by Sh. Ravindra Nath Director (Finance) of NSIC and Sh. Ambarisha Nanda G.M of United Bank of India in the presence of Sh. Deepak Narang E.D UBI.