Under the benevolent guidance of Shri Narayan Rane, Honble Minister of MSME, Shri Bhanu Pratap Singh Verma, Honble MOS (MSME) and in the gracious presence of Shri B.B.Swain, Secretary, MSME and Ms.Alka Arora, CMD NSIC and Chairperson NVCFL, the Contribution Agreement of Self Reliant India (SRI) Fund, a Category II Alternative Investment Fund for providing growth capital to MSMEs was signed on 12th Oct 2021 between Ministry of MSME, Government of India, the Anchor Investor, Sponsor The National Small Industries Corporation Ltd., NSIC Venture Capital Fund Ltd., the AIF Company and SBICap Ventures Limited, the Investment Manager. Dr. Ishita G. Ganguly, ADC signed on behalf of the Ministry, Shri P. Udayakumar, Director (P&M) signed on behalf of NSIC, Shri Gaurang Dixit, Director and CEO, on behalf of NVFCL and Shri K. Suresh, MD & CEO on behalf of SBICap Venture Ltd.

NSIC renews MOU with ICICI Bank on 13.10.2021 to strengthen its endeavour for serving to the financial needs of the MSME Sector. The MoU has been signed by Sh. Sh. P Ravi Kumar,Chief General Manager (BD), NSIC and Sh. Sandeep Garg, AGM, ICICI Bank. Also present on the occasion was Ms. Himani Shali, Chief Manager (Bank Tie Up), NSIC, Sh. Viswash Srivastava and Sh. Rahul Jindal (Chief Managers), ICICI bank.

A Sixteen Member delegation led by Hon. Kyatuheire Jacuelne (Member of Parliament), Uganda visited NSIC’s Rapid Incubation Centre and Advanced Training Centre at NSIC’s Technical Service Center, Okhla to know about the activities of NSIC for the development of MSMEs in the country. The delegation observed that NSIC’s model of Incubation Centre for employment generation is very useful in context of Uganda’s business environment and showed keen interest to cooperate with NSIC in setting up such Centre in Uganda. The delegation was briefed by Shri Sunil Tyagi, GM(SG)(IC), NSIC and other officials about the various initiatives taken by NSIC within India and abroad. Shri O.P. Singh, GM(Head NTSC), Sh. Anupam Tiwari, Manager (IC) and Shri. Shashank Shekhar, Asst. Manager (IC) were also present on this occasion.

A Ministry of MSME delegation led by Shri Bhaskar Kalra, Under Secretary visited NSIC on 06th Oct 2021. During their visit, they also visited the NSIC - Livelihood Business Incubation Center and Advance Training Centre at NTSC (Okhla) and appreciated the efforts of NSIC in job creation through skilling & entrepreneurship training and the various schemes being offered for the growth of MSME sector in the country. The Delegation was briefed about the various NSIC initiatives by Shri Rajesh Kumar, General Manager (Technology) and Shri O.P. Singh, Centre Head, NTSC (Okhla).

In the gracious presence of Shri B.B. Swain, Secretary, Ministry of MSME, Government of India, first copy of the Private Placement Memorandum (PPM) of SRI Fund, the first scheme of NSIC Venture Capital Fund Limited (NVCFL) being handed over to Ms. Ishita G. Tripathi, Additional Development Commissioner (MSME) by Ms. Alka Arora, CMD NSIC & Chairperson NVCFL. Also present are Shri Gaurang Dixit, Director, NVCFL and Shri K.M. Trivedi, Senior Advisor.

PPM of SRI Fund, the first scheme of NSIC Venture Capital Fund Limited (NVCFL) being handed over to Ms. Alka Arora, CMD, NSIC (Sponsors) by Shri Gaurang Dixit, Director, NVCFL on 06th September, 2021 at Corporate Office, NSIC, New Delhi.

Ms. Mercy Epao, Joint Secretary (SME) Ministry of MSME being welcomed by the Board of Directors of NSIC on appointment as Official Part-time Director of the Company. Seen in the picture are Ms. Alka Nangia Arora, CMD, NSIC, Shri Rajib Kumar Sen, Economic Advisor, Ministry of MSME, Shri P. Udayakumar, Director (P&M), NSIC, Shri Gaurang Dixit, Director (Finance), NSIC and Smt. Nistha Goyal, (Company Secretary), NSIC.

Smt. Alka Nangia Arora, Joint Secretary (ARI), Ministry of MSME being welcomed by the Board of Directors, NSIC on assuming the additional charge of CMD, NSIC. Seen in the pictures are Shri Ateesh Kumar Singh, Joint Secretary, Ministry of MSME, Smt. Mercy Epao, Joint Secretary, SME, Ministry of MSME, Shri Rajib Kumar Sen, Economic Advisor, Ministry of MSME, Shri P. Udayakumar, Director (P&M), NSIC, Shri Gaurang Dixit, Director (Finance), NSIC and Smt. Nistha Goyal, (Company Secretary), NSIC.

NSIC-Ackzonobel Centre of Skill Development was inaugurated at NSTC Okhla on 14.09.2021 by Sh P.Udayakumar, Director (P&M),NSIC and His Excellency Mr. Marten van den Berg, Ambassador of Netherlands to India and in the presence of Mr. Rajiv Rajagopalan MD-Ackzonobel (India), Mr O.P.Singh (General Manager -NTSC Okhla), Mr Parthasarthi -GM(Skillsonics).The new training Programs launched are Assistant Decorator and Wall Painting for period of three months on full time basis in two batches of 20 trainees each subsequently the batch will be scaled up to 80 candidates. The training is aimed at skilling the youth from weaker sections and backward areas to make them productive as per the industry requirement and open up various opportunities in self-employment as well. Employment opportunities would also be provided by M/s. Ackzonobel to the deserving candidates culminating in full-time employment.

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On the occasion of celebration of Azadi Ka Amrit Mahotsav, Ms. Alka Nangia Arora, CMD, NSIC and Joint Secretary, Ministry of MSME inaugurated the Job Fair in the presence of Shri P. Udayakumar, Director (P&M), NSIC and Shri Gaurang Dixit, Director (Finance), NSIC at NSIC-Technical Services Centre (NTSC), New Delhi today. Inaugurating the Job Fair, Ms. Alka Arora, CMD, NSIC stated that NSIC Technical Services Centre, New Delhi conducts market driven and industry-oriented courses in various technical fields. This Job Fair is focusing on providing skilled manpower to the industry who are in need of skilled manpower as also opportunities to candidates passing out from different courses being conducted in the Centre. The job mela is organized after the pandemic hit to MSMEs last year.