New Delhi: The National Small Industries Corporation Limited (NSIC), a Miniratna PSU under the Ministry of Micro, Small and Medium Enterprises (MSME) has joined hands with the nation in its fight against the Coronavirus (COVID-19) by contributing Rs 1 crore to the Prime Minister's citizen assistance and relief in emergency situations (PM CARES Fund) PM CARES fund. This fund will act as a dedicated national fund with the primary objective of dealing with any kind of emergency or distress situation, like posed by the Coronavirus (COVID-19) pandemic and to provide relief to the affected. "NMDC's CMD Vijayendra (IAS) and the management including all the NSIC employees are committed to dedicating themselves in the service of the Nation and MSMEs in every possible way," the company said in a statement.
National Small Industries Corporation (NSIC) is a Miniratna PSU under the administrative control of Ministry of Micro, Small and Medium Enterprises (MSME). NSIC has been working to promote, aid and foster the growth of micro, small and medium enterprises in the country. NSIC operates through countrywide network of offices and Technical Centres in the Country. In addition, NSIC has set up training-cum-incubation centre managed by professional manpower. NSIC had registered its highest business turnover of Rs. 22,457 crores in FY'18 compared to Rs 20,622 crores during the financial 2016-17 and the Profit (Before Tax and Provision for pay revision) amounted to Rs. 175.33 crore as against Rs 165.07 crore in FY'17.
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