New Delhi, October 28 (IANS). According to the information given by the Ministry of Micro, Small and Medium Enterprises on Tuesday, National Small Industries Corporation Limited (NSIC) under the Ministry paid a dividend of Rs 43.89 crore to the Central Government for the financial year 2024-25.
Speaking on the occasion, Union Minister Jitan Ram Manjhi appreciated the efforts of NSIC in empowering MSMEs through Integrated Support System.
Union Minister Manjhi and Dr. Acharya expressed confidence in the continued role of NSIC in promoting enterprise creation and skill development.
The check of this dividend was presented by Dr. Subhranshu Shekhar Acharya, Chairman and Managing Director of NSIC, to Union Minister for Micro, Small and Medium Enterprises Jitan Ram Manjhi and Minister of State for MSME Ministry Shobha Karandlaje in the presence of Secretary of the Ministry SCL Das and other senior officials of the Ministry and NSIC.
Highlighting the financial achievements of NSIC, Dr. Acharya said that NSIC achieved a revenue of Rs 3,431 crore and a net profit of Rs 146.30 crore, which is an increase of 15.60 percent over the same period last year.
Earlier, NSIC had signed MoUs with several private sector banks with the aim of enhancing the availability of credit to MSMEs under the MSME Credit Facility Program of Government PSUs.
NSIC had signed MoUs with IndusInd Bank, Karnataka Bank, Axis Bank, Dhanlaxmi Bank and AU Small Finance Bank.
It was informed in an official statement that its objective is to make credit more affordable and easily available for MSMEs.
On this occasion also, Union Minister Jitan Ram Manjhi and MSME Secretary S.C.L. Das was present.
The objective of this partnership was to help MSMEs connect with the official financial system and provide them handholding support.
According to the statement, this MoU will act as a force multiplier in the banks’ last mile reach efforts and help them reach more capable micro and small businesses.
–IANS
SKT/