Question

What was the purpose of setting up National Small Industries Corporation (NSIC)?

Discuss various programmes of financing under National Small Industries Corporation   (NSIC).

14 May 2025
Answer :
Word Count : 521

The National Small Industries Corporation (NSIC) was established with the primary purpose of promoting, aiding, and nurturing the growth of small-scale industries in India. The government recognized the importance of small enterprises in contributing to the country's industrial development, employment generation, and balanced regional growth. Therefore, NSIC was set up to provide integrated support and services to small industries, enabling them to overcome the various challenges they face such as lack of access to finance, technology, raw materials, and marketing support. The main objective was to create an enabling environment for small enterprises so that they can compete effectively with larger industries and grow ______ _____ _____ _________ _____ ________ _________ __________.
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