New Delhi: The National Small Industries Corporation Limited (NSIC), a Mini Ratna enterprise under the Ministry of Micro, Small and Medium Enterprises (MSME), has declared a dividend of Rs 43.89 crore to the Government of India for the financial year 2024-25. The dividend cheque was formally handed over by Dr. Subhransu Sekhar Acharya, Chairman and Managing Director, NSIC, to Mr. Jitan Ram Manjhi, Hon’ble Union Minister of MSME, and Shobha Karandlaje, Hon’ble Minister of State, Ministry of MSME.
The ceremony was held in the presence of Mr. S.C.L. Das, Secretary, Ministry of MSME; Ms. Mercy Epao, Joint Secretary (SME); Mr. Kartikeya Sinha, Director (P&M), NSIC; along with other senior officials from both the Ministry and the Corporation.
Strong Financial Performance in FY 2024-25
Highlighting the corporation’s financial achievements, Dr. Acharya announced that NSIC achieved a revenue of Rs 3,431 crore and a Profit After Tax (PAT) of Rs 146.30 crore, marking a 15.60% increase over the previous financial year. The CMD credited this growth to the corporation’s strategic initiatives in facilitating MSME development, expanding digital services, and strengthening financial inclusion programs.
Dr. Acharya further emphasized that NSIC’s focus remains on enhancing efficiency and outreach through digital transformation and integrated support services aimed at helping micro and small enterprises compete effectively in domestic and global markets.
Government Commends NSIC’s Role in MSME Empowerment
Receiving the dividend cheque, Hon’ble Minister Mr. Jitan Ram Manjhi appreciated NSIC’s contributions to the growth and empowerment of the MSME sector, which forms the backbone of India’s industrial ecosystem. He noted that NSIC’s efforts in capacity building, skill development, and market linkage have played a vital role in driving entrepreneurship and job creation across the country.
SuMr. Shobha Karandlaje, Minister of State for MSME, echoed these sentiments, praising the corporation’s continued support to small industries through innovative financing solutions, technology support, and export facilitation.
Looking Ahead: NSIC’s Commitment to MSME Growth
Both leaders expressed confidence in NSIC’s ability to continue spearheading initiatives that foster enterprise creation, innovation, and sustainable growth among small businesses. They reiterated the government’s commitment to strengthening MSMEs as key drivers of India’s economic progress.
About NSIC
Established in 1955, the National Small Industries Corporation Limited (NSIC) is a Government of India enterprise and a Public Sector Undertaking (PSU) under the Ministry of Micro, Small and Medium Enterprises (MSME). As a Mini Ratna Category-I company, NSIC plays a pivotal role in promoting, aiding, and fostering the growth of micro and small enterprises across the country. Through a wide network of offices and technical centres, NSIC provides integrated support services including marketing, technology, finance, and training. Its mission is to enable MSMEs to become globally competitive, innovative, and self-reliant contributors to India’s economic development.
