Explain the functions of following in the development of small business in India.
(i) National Small Industries Corporation (NSIC)
(ii) District Industrial Centre (DIC)
Explain the functions of following in the development of small business in India.
(i) National Small Industries Corporation (NSIC)
(ii) District Industrial Centre (DIC)
(i) 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 :
(a) To create awareness about technological upgradation.
(b) To develop technology transfer centres and software technology parks.
(c) To export the products of small business units in order to develop export worthiness.
(d) To obtain, supply and distribute indigenous and imported raw materials.
(e) To provide mentoring and advisory services.
(f) To serve as technology business incubators.
(g) NSIC 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.
(ii) District Industrial Centre (DIC) help in the following ways :
(a) It identifies projects for setting up SSI unit.
(b) It issues permanent registration certificate to SSI units.
(c) It provides marketing support to SSI units.
(d) It acts as a link between the entrepreneurs and the lead banks of districts.
(e) Helps businessman in obtaining license from electricity board, water supply board and so on.
(i) 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 :
(a) To create awareness about technological upgradation.
(b) To develop technology transfer centres and software technology parks.
(c) To export the products of small business units in order to develop export worthiness.
(d) To obtain, supply and distribute indigenous and imported raw materials.
(e) To provide mentoring and advisory services.
(f) To serve as technology business incubators.
(g) NSIC 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.
(ii) District Industrial Centre (DIC) help in the following ways :
(a) It identifies projects for setting up SSI unit.
(b) It issues permanent registration certificate to SSI units.
(c) It provides marketing support to SSI units.
(d) It acts as a link between the entrepreneurs and the lead banks of districts.
(e) Helps businessman in obtaining license from electricity board, water supply board and so on.
