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InterviewSolution
| 1. |
What is the aim of NSIC |
| Answer» National Small Industries Corporation (NSIC) was established in the year 1955 in order to promote, aid and foster the growth of small business units in the country. The functions of NSIC are as follows : Vz\tTo create awareness about technological upgradation.\tTo develop technology transfer centres and software technology parks.\tTo export the products of small business units in order to develop export worthiness.\tTo obtain, supply and distribute indigenous and imported raw materials.\tTo provide mentoring and advisory services.\tTo serve as technology business incubators.\tNSIC has also introduced a new scheme of performance and credit rating for small businesses in order to encourage them to maintain good financial track record and to sensitize them about the need for credit rating. | |