SDG 8: Decent Work & Economic Growth | SDG 9: Industry, Innovation & Infrastructure
Institutions: Ministry of Micro, Small & Medium Enterprises | National Small Industries Corporation Limited (NSIC)
The National Small Industries Corporation Limited (NSIC), a Mini Ratna enterprise under the Ministry of MSME, has paid a dividend of ₹43.89 crore to the Government of India for FY 2024-25. The cheque was presented by Dr. Subhransu Sekhar Acharya, CMD (NSIC), to the Union Minister for MSME Shri Jitan Ram Manjhi and Minister of State Sushri Shobha Karandlaje, in the presence of senior officials.
NSIC achieved revenue of ₹3,431 crore and a Profit After Tax (PAT) of ₹146.30 crore, reflecting a 15.6 % increase over the previous year. The Minister commended NSIC’s role in empowering MSMEs through integrated support services, including marketing assistance, credit facilitation, skill development, and incubation.
The performance reinforces the contribution of state-owned MSME institutions to enterprise growth, job creation and industrial diversification. NSIC’s profitability and dividend payout illustrate a self-sustaining model of public-sector participation in the MSME ecosystem—aligning with Atmanirbhar Bharat and the government’s agenda to expand credit and capacity support for small businesses.
What is NSIC? → The National Small Industries Corporation Limited (NSIC), set up in 1955, is a Government of India enterprise promoting and supporting micro, small and medium enterprises. It provides credit facilitation, raw-material assistance, marketing support, training and technology services, helping MSMEs integrate into national supply chains and global markets.
What is a Mini Ratna?→ A Mini Ratna is a public-sector enterprise that has shown consistent profitability and financial autonomy. The Government of India grants this status to enable greater operational freedom while maintaining oversight. Mini Ratna Category I and II companies can make certain investments, form joint ventures, and enter technology or service contracts without prior government approval. The classification recognises PSUs that perform well but are smaller in scale than “Navratna” or “Maharatna” companies.
Relevant Question for Policy Stakeholders:
How can public-sector MSME enablers like NSIC scale their digital and financing platforms to reach micro-enterprises in smaller towns while maintaining fiscal efficiency?
Follow the full news here: https://www.pib.gov.in/PressReleasePage.aspx?PRID=2183294