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Institutional Support To Entrepreneurs: National Small Industries Corporation (NSIC)

The document discusses four Indian organizations that provide support to entrepreneurs and small businesses: 1. The National Small Industries Corporation (NSIC) offers services like raw material assistance, credit facilitation, marketing assistance, and credit ratings to support small enterprises. 2. Small Industries Development Organizations (SIDO) coordinates policies and programs for small industries promotion. It provides training, consultancy, and assistance with operations. 3. Small Industries Service Institutes (SISI) provide consultancy and training to new and existing small business owners. 4. The Small Scale Industries Board (SSIB) is an advisory body that makes recommendations to support small industry development.

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Priyanka Sharma
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176 views4 pages

Institutional Support To Entrepreneurs: National Small Industries Corporation (NSIC)

The document discusses four Indian organizations that provide support to entrepreneurs and small businesses: 1. The National Small Industries Corporation (NSIC) offers services like raw material assistance, credit facilitation, marketing assistance, and credit ratings to support small enterprises. 2. Small Industries Development Organizations (SIDO) coordinates policies and programs for small industries promotion. It provides training, consultancy, and assistance with operations. 3. Small Industries Service Institutes (SISI) provide consultancy and training to new and existing small business owners. 4. The Small Scale Industries Board (SSIB) is an advisory body that makes recommendations to support small industry development.

Uploaded by

Priyanka Sharma
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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INSTITUTIONAL SUPPORT TO ENTREPRENEURS

National Small Industries Corporation (NSIC)


The National Small Industries Corporation (NSIC), an enterprise under the union ministry of industries was set up in 1955 in New Delhi to promote aid and facilitate the growth of small scale industries in the country. NSIC offers a package of assistance for the benefit of smallscale enterprises.
1. Single

Point Registration: Registration under this scheme participating in government and public sector undertaking tenders.

for

2. Information Service: NSIC continuously gets updated with the latest

specific information on business leads, technology and policy issues.


3. Raw Material Assistance: NSIC fulfils raw material requirements of

small-scale industries and provides raw material on convenient and flexible terms.
4. Meeting Credit Needs Of SSI: NSIC facilitate sanctions of term loan and

working capital credit limit of small enterprise from banks.


5. Performance

And Credit Rating: NSIC gives credit rating by international agencies subsidized for small enterprises up to 75% to get better credit terms from banks and export orders from foreign buyers.

6. Marketing Assistance Programme: NSIC participates in government

tenders on behalf of small enterprises to procure orders for them.

Prepared By: Asst. Prof. Manisha Patel golden jubilee institute of management and technology

Page 1

Small Industries Development Organization (SIDO)


SIDO is created for development of various small scale units in different areas. SIDO is a subordinate office of department of SSI and ARI. It is a nodal agency for identifying the needs of SSI units coordinating and monitoring the policies and programmes for promotion of the small industries. It undertakes various programmes of training, consultancy, evaluation for needs of SSI and development of industrial estates. All these functions are taken care with 27 offices, 31 SISI (Small Industries Service Institute) 31extension centers of SISI and 7 centers related to production and process development.
The activities of SIDO are divided into three categories as follows: (a) Coordination activities of SIDO: (1) To coordinate various programmes and policies of various state governments pertaining to small industries. (2) To maintain relation with central industry ministry, planning commission, state level industries ministry and financial institutions. (3) Implement and coordinate in the development of industrial estates. (b) Industrial development activities of SIDO: (1) Develop import substitutions for components and products based on the data available for various volumes-wise and value-wise imports. (2) To give essential support and guidance for the development of ancillary units. (3) To provide guidance to SSI units in terms of costing market competition and to encourage them to participate in the government stores and purchase tenders. (4) To recommend the central government for reserving certain items to produce at SSI level only. (c) Management activities of SIDO: (1) To provide training, development and consultancy services to SSI to develop their competitive strength. (2) To provide marketing assistance to various SSI units. (3) To assist SSI units in selection of plant and machinery, location, layout design and appropriate process. (4) To help them get updated in various information related to the small-scale industries activities.

Prepared By: Asst. Prof. Manisha Patel golden jubilee institute of management and technology

Page 2

Small Industries Service Institutes (SISI)


The small industries service institutes have been set up in state capitals and other places all over the country to provide consultancy and training to small entrepreneurs both existing and prospective.

The main functions of SISI include:


(1) To serve as interface between central and state government. (2) To render technical support services. (3) To conduct entrepreneurship development programmes. (4) To initiate promotional programmes.

The SISIs also render assistance in the following areas:


(1) Economic consultancy/information/EDP consultancy. (2) Trade and market information. (3) Project profiles. (4) State industrial potential surveys. (5) District industrial potential surveys. (6) Modernization and in plant studies. (7) Workshop facilities. (8) Training in various trade/activities.

Prepared By: Asst. Prof. Manisha Patel golden jubilee institute of management and technology

Page 3

Small Scale Industries Board (SSIB)


The government of India constituted a board, namely, Small Scale Industries Board (SSIB) in 1954 to advice on development of small scale industries in the country. The SSIB is also known as central small industries board. The range of development work in small scale industries involves several departments /ministries and several organs of the central/state governments. Hence, to facilitate co-ordination and inter-institutional linkages, the small scale industries board has been constituted. It is an apex advisory body constituted to render advice to the government on all issues pertaining to the development of small-scale industries. The industries minister of the government of India is the chairman of the SSIB. The SSIB comprises of 50 members including state industry minister, some members of parliament, and secretaries of various departments of government of India, financial institutions, public sector undertakings, industry associations and eminent experts in the field.

Prepared By: Asst. Prof. Manisha Patel golden jubilee institute of management and technology

Page 4

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