The Ministry of Micro Small and Medium Enterprises on Thursday upgraded the National Small Industries Corporation Ltd (NSIC) from a Schedule 'B' to Schedule 'A' category of central public sector enterprise (CPSE).
The recognition of Schedule 'A' will reflect positively on NSIC's management, operation and financial powers, boosting its support to MSMEs, the ministry said.
NSIC, under the administrative control of the ministry, is engaged in the promotion and development of the Micro, Small & Medium Enterprises (MSME) sector across the country for more than seven decades.
"The Ministry of MSME ...upgraded NSIC from the Schedule 'B' to Schedule 'A' category CPSE," the ministry stated.
The NSIC supports MSMEs in their entire stages of life cycle through its various interventions, such as skilling, capacity-building, enhancing their cost competitiveness, marketing support, credit facilitation, growth capital by way of equity investments, etc.
NSIC is also the implementation partner for several aspirational programmes of the central government.
Published on February 27, 2026