SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
Last updated: 27 Sep, 2014  

Handshake.9.Thmb.jpg NSIC signs MoU with Ministry to support MSMEs

   Top Stories
» 49% Indian startups now from tier 2, 3 cities: Jitendra Singh
» 'India ranks 3rd in global startup ecosystem & number of unicorns'
» Tripura exported over 9K tonnes of pineapples in 2 years
» CPI inflation eases to 6.71% in July, IIP falls to 12.3%
» Rupee depreciates 12 paise to close at 79.64 against US dollar
SME Times News Bureau | 23 Mar, 2012

National Small Industries Corporation (NSIC) has signed an Memorandum of Understanding (MoU) with Ministry of Micro, Small and Medium Enterprises (MSMEs), the ministry informed in a press satement on Thursday.

According to the release, the MoU for the year  2012-13 was signed by Dr. H. P. Kumar, CMD, NSIC with R. K. Mathur Secretary, MSME.

On the occasion Mathur said, "I am happy that MoU has been signed and we will give full support to NSIC to meet the target - which is 30-40% growth in 2012-13."

"NSIC would be given an equity support to the tune of Rs. 300 cr of which Rs. 155 cr has already been given and remaining will be disbursed in next two years," he added.

The said MoU envisages provision of enhanced services under Financial Support, Marketing Support, Technology Services and other support services for the MSMEs in the country.

Also present during the MoU signing ceremony were Ravindra Nath, Director (Fin), NSIC, P. Udaya Kumar, Director (P&M), NSIC, Amarendra Sinha, AS&DC (MSME).

Print the Page Add to Favorite
Share this on :

Please comment on this story:
Subject :
(Maximum 1500 characters)  Characters left 1500
Your name:

  Customs Exchange Rates
Currency Import Export
US Dollar
UK Pound
Japanese Yen 58.85 56.85
As on 13 Aug, 2022
  Daily Poll
PM Modi's recent US visit to redefine India-US bilateral relations
 Can't say
  Commented Stories
» GIC Re's revenue from obligatory cession threatened(1)
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter