NSIC Upgraded to Schedule ‘A’ CPSE Status by MSME Ministry

The Ministry of Micro, Small and Medium Enterprises has elevated the National Small Industries Corporation Ltd to Schedule ‘A’ status. The announcement, made on Thursday, confirms NSIC’s transition from Schedule ‘B’ to Schedule ‘A’ classification among central public sector enterprises.

The new designation provides the organisation with enhanced managerial and financial authority. The upgrade is expected to support NSIC’s ongoing work in strengthening the MSME ecosystem across the country.

Upgrade From Schedule ‘B’ To Schedule ‘A’ CPSE

The Ministry stated that NSIC has formally been upgraded to the Schedule ‘A’ category. This change recognises the corporation’s long-standing role in supporting small industries and expanding government-led enterprise development.

Schedule ‘A’ status typically reflects higher operational capabilities and broader decision-making authority within a CPSE framework. The designation is expected to positively impact NSIC’s governance and service delivery.

Role Of NSIC In MSME Development

NSIC has been engaged in MSME promotion and development for more than 70 years under the administrative control of the MSME Ministry. The corporation facilitates growth across multiple stages of the MSME life cycle.

Its activities include capacity-building, skilling initiatives and programmes to improve competitiveness. NSIC also works to strengthen MSMEs through marketing support, credit facilitation and equity-linked growth capital.

Strengthened Operational Scope After Upgrade

With its new Schedule ‘A’ status, NSIC gains access to enhanced financial and managerial powers. The Ministry noted that this elevation will enable the corporation to scale its interventions supporting small businesses.

It may also provide additional autonomy in implementing schemes and partnerships. These changes are expected to contribute to improved delivery of services designed for MSME development.

Involvement In National Programmes

NSIC plays a key role as an implementation partner for several central government initiatives. Its participation includes managing programmes aimed at enterprise modernisation and market access.

Through its national presence, the corporation supports MSMEs in aligning with broader economic objectives. The upgrade reinforces NSIC’s capacity to handle larger projects within government-driven frameworks.

Read More: GeM Portal Procurement Crosses ₹4 Lakh Crore This Fiscal, MSMEs Receive 45% Of Orders.

Conclusion

The MSME Ministry’s decision to elevate NSIC to Schedule ‘A’ CPSE status marks an important milestone for the organisation. The new classification enhances its operational powers and recognises decades of service in developing India’s MSME sector.

NSIC’s expanded role will support wider government initiatives and strengthen services available to small enterprises. The change underscores the corporation’s strategic significance in national economic development efforts.

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