CONTEXT:

• The National Small Industries Corporation Limited, NSIC today signed an MoU with Ministry of Micro, Small and Medium Enterprises for the year 2019-20.
• The MoU envisages provision of enhanced services by NSIC under its marketing, financial, technology and other support services schemes for MSMEs in the country.
• The Corporation projects to increase revenue from operation by 22 per cent from two thousand 540 crore rupees in the year 2018-19 to three thousand 100 crore rupees in the year 2019-20.
• The Corporation also plans to enhance its activities in the areas of imparting entrepreneurship and skill development training by targeting 45 per cent growth in the number of trainees.