In a recent development, 20% of government purchases are slated to be procured from the MSMEs. This is proposed by the National Small Industries Corporation (NSIC), in order, to boost the annual sales of micro, small and medium enterprises (MSMEs). Though the proposal is still in the consultation stage, but within 3 to 6 months, NSIC expects it to become ...

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National Small Industries Corporation (NSIC) aims at providing credit rating to over 9,000 micro and small enterprises in 2010-11 with the help of leading agencies like SMERA, ICRA etc. The rating of the company's financial health helps them get access to credit quicker and cheaper. It also helps in enhancing their acceptability in the market. In last ...

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