New Delhi: National Small Industries Corporation’s (NSIC) Vijayendra (IAS) unfurled the National Flag on '74th Independence Day'. NSIC’s Director (P&M) Udaya Kumar along with senior officials attended the flag hoisting ceremony at the corporate office, New Delhi. The program was organised keeping in view the necessary guidelines issued by the Ministry of Home Affairs for safety on COVID-19 epidemic.
Vijayendra (IAS) in his thoughtful speech on the occasion paid tribute and remembered all the freedom fighters as also the frontline warriors who relentlessly worked during the COVID-19 Pandemic. Further, to give more impetus to MSMEs growth, he added that NSIC will shortly form an SPV (Special-purpose venture) which will anchor fund of funds for MSMEs with a corpus “Mother Fund “of Rs 10,000 crores to provide equity funding through Daughter funds (around Rs 40,000 crores) to MSMEs having growth potential.
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