Question

Government schemes and agencies for a small scale Industries. Explain the main function of NSIC & DICs?​

Answer 1

Answer:

What is a District Industry Center (DIC)?

The District Industry Center (DIC) under the Directorate of Industries and commerce offers a subsidy loan scheme for young professionals under the guidance of the Ministry of Social Justice and Empowerment. Established in 1978, District Industries Centers’ program was initiated by the central government to promote tiny, cottage, village, and Small Scale Industries (SSIs) in smaller towns and their particular areas to make them available with all the basic needs, services, and facilities.

DIC’s primary focus is to generate employment in rural regions of India. District Industries Centers are managed and operated at the district level to provide all the necessary support services to entrepreneurs or first-time business owners to start their own Micro Small and Medium Enterprises (MSMEs). DICs also promote the Registration and Development of Industrial Cooperatives.

Explanation:

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Answer 2

Answer:

(i) National Small Industries Corporation (NSIC) was established in the year 1955 in order to promote, aid and foster the growth of small business units in the country. The functions of NSIC are as follows :

(a) To create awareness about technological upgradation.

(b) To develop technology transfer centres and software technology parks.

(c) To export the products of small business units in order to develop export worthiness.

(d) To obtain, supply and distribute indigenous and imported raw materials.

(e) To provide mentoring and advisory services.

(f) To serve as technology business incubators.

(g) NSIC has also introduced a new scheme of performance and credit rating for small businesses in order to encourage them to maintain good financial track record and to sensitize them about the need for credit rating.

(ii) District Industrial Centre (DIC) help in the following ways :

(a) It identifies projects for setting up SSI unit.

(b) It issues permanent registration certificate to SSI units.

(c) It provides marketing support to SSI units.

(d) It acts as a link between the entrepreneurs and the lead banks of districts.

(e) Helps businessman in obtaining license from electricity board, water supply board and so on.

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