The National Small Industries Corporation Limited (NSIC) has set a new benchmark by paying its highest-ever dividend of ₹37.97 crore to the Government of India for the financial year 2023-24. The dividend cheque was presented by NSIC Chairman-cum-Managing Director, Dr. Subhransu Sekhar Acharya, to Hon’ble Union Minister Mr. Jitan Ram Manjhi and Hon’ble MoS Sushri Shobha Karandlaje in the presence of Mr. S.C.L. Das, Secretary (MSME), and other senior officials of the Ministry and NSIC.
The CMD highlighted NSIC’s robust performance, with revenue from operations reaching ₹3,273 crore in FY 2023-24, marking an 18.16% growth. The Corporation also reported a Profit After Tax (PAT) of ₹126.56 crore, a 14.55% increase from the previous year.
Commending NSIC’s achievements, Mr. Jitan Ram Manjhi emphasized the importance of continued support to MSMEs nationwide. He urged the Corporation to explore innovative avenues for skill development and enterprise creation, further solidifying its role in empowering small industries across India.
