If you are a small business owner looking for skill development assistance and new innovative programmes, then there is a good news for you. Recently, our government signed an agreement with NSIC (National Small Industries Corporation) to promote innovation and skill development in the MSME (Micro, Small and Medium Enterprise) sector of the country.
According to the Memorandum of Understanding (MoU) signed, as an SME owner you now can avail state-of-the-art services for your enterprise from NSIC under its financial, marketing, technology and other support service programmes for Micro, Small and Medium Enterprises (MSMEs).
Your enterprise can have access to entrepreneurship and skill development activities. Setting up of livelihood incubation centres has been included under this scheme for promoting innovation, entrepreneurship and agro-industry of the MSME sector.
Key Elements of the MoU
- Budget for distribution of raw material increased by INR 3,000 crore
- You can now avail enhanced benefits under ‘Public Procurement’ policy by forming an association of different financial institutions and conducting vendor development programmes. Besides, it will help you get key information about various participating tenders as well.
- As per the agreement, 10 clusters will be adopted for providing extended benefits of NSIC schemes to the MSMEs operating from such clusters. If your enterprise comes under any of these clusters, you can seek help for improving your marketing strategies to get the desired results.
So all in all, the new pact between the government and NSIC can have great influence on the development of your enterprise. You can look forward to achieve greater success with the schemes available under the pact.