By:Akanksha Jain2013BBA005

INTRODUCTIONThe National Small Industries Corporation Ltd.,

(NSIC), is an ISO 9001 certified company.Established in 1955Objective :- To fulfill its mission of promoting,

aiding and fostering the growth of small and medium enterprises in the country.

To enhance the competitiveness of micro, small and medium enterprises, NSIC provides integrated support services under

Marketing Support

Consortia and Tender Marketing: To remove the problem of execution of large tenders

Exhibitions and Technology Fairs: To showcase the competencies of Indian SSIs and to capture market opportunities, NSIC participates in select International and National Exhibitions and Trade Fairs every year. --facilitates the participation of the small enterprises by providing concessions in rental etc.

Buyer-Seller meets: Bulk and departmental buyers such as the Railways, Defence, and large companies are invited to participate in buyer-seller meets to enrich small enterprises knowledge regarding terms and conditions, quality standards, etc required by the buyer..

Credit Support

Tie-up arrangements with Banks: In order to ensure smooth credit flow to small enterprises, NSIC is entering into strategic alliances with commercial banks to facilitate long term / working capital financing.

Financing for Procurement of Raw Material (short term): NSIC procures raw material from bulk producers and distributes the same in the requisite small quantities.

Financing for Marketing Activities (Short term): NSIC facilitates financing for marketing actives such as Internal Marketing, Exports and Bill Discounting.

Technology Support NSIC offers small enterprises the following support services

through its Technical Services Centres and Extension Centres

Advise on application of new techniques Material testing facilities through accredited laboratories Product design including CAD Classroom and practical training for skill upgadation Software Technology Cum Business Parks:

NSIC has established Software Technology cum Business Parks at New Delhi andChennai for providing the space to small and medium enterprises in software development.

Training-cum-incubation-Centres(TICS)

provide an opportunity to first generation entrepreneurs to acquire skill for enterprise building

Incubating them to become successful small business owners.

At these centres, exposure in all areas of business operations - business skills development, identification of appropriate technology, hands on experience on working projects, project / product selection, opportunity guidance including commercial aspects of business.

In addition, low cost project technologies required for setting up new small business enterprises are being displayed in working condition.

Launched B2C e-commerce portal

Aims to help MSMEs sell their products online

Low-cost marketing platform

NSIC CMD HP Kumar mentions - will also provide necessary facilities to prospective entrepreneurs and startups to learn processes in technology development, business development and online product purchase among others.

THANK YOU!