08 May 2018

NSIC Inks MoU with MSME Ministry for FY 2018-19

NSIC Inks MoU with MSME Ministry for FY 2018-19


The National Small Industries Corporation Limited (NSIC) signed an MoU with Ministry of Micro, Small and Medium Enterprises (MSME) for the year 2018-19.

The MoU envisages provision of enhanced services by NSIC under its marketing, financial, technology and other support services schemes, for MSMEs in the country. The corporation projects to increase its total business by 21.30% from Rs. 22,258 crore in the year 2017-18 to Rs. 27,000 crore in the year 2018-19.

Source- ANI News

Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
  • Dr A.K. Panda is the Secretary of MSME.
  • Ravindra Nath is the CMD of NSIC.

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