MSME Ministry Upgrades NSIC to Schedule A CPSE

02 Mar 2026 CW Team

NSIC provides interventions across enterprise life cycles including skilling and capacity building, measures to enhance cost competitiveness, marketing support and credit facilitation, as well as growth capital through equity investments. The corporation acts as an implementation partner for several aspirational government programmes designed to expand market access and improve productivity for small enterprises. These services aim to reduce barriers to finance and skills development while facilitating scale up.

Recognition as a Schedule A CPSE follows an Excellent rating awarded by the Department of Public Enterprises (DPE) for 2024-25, a reflection of sustained performance and governance. Officials indicated that the reclassification will enable the corporation to exercise greater autonomy in decision making and resource allocation, thereby accelerating support functions for entrepreneurs. The enhanced status is expected to bolster confidence among stakeholders and attract better collaboration with state and private partners.

The corporation's mandate over more than seven decades positions it to scale programmes that address skill gaps and offer credit support tailored to micro and small enterprises. The ministry and institutional partners will monitor implementation as the expanded powers take effect, with a view to sustaining competitive advantages for the sector. The decision is part of ongoing efforts to strengthen public sector interventions that underpin capacity building and inclusive industrial growth.

The Ministry of Micro, Small & Medium Enterprises (Ministry of MSME) has upgraded the National Small Industries Corporation Ltd (NSIC), a Central public sector enterprise (CPSE), from Schedule B to Schedule A by means of Notification No. K-01/26/2024-SME dated 26.02.2026. The move recognises the corporation's mandate to promote and develop Micro, Small & Medium Enterprises (MSME) across the country after more than seven decades of activity. The upgrade confers enhanced managerial, operational and financial authorities that are expected to strengthen institutional support to the MSME sector. NSIC provides interventions across enterprise life cycles including skilling and capacity building, measures to enhance cost competitiveness, marketing support and credit facilitation, as well as growth capital through equity investments. The corporation acts as an implementation partner for several aspirational government programmes designed to expand market access and improve productivity for small enterprises. These services aim to reduce barriers to finance and skills development while facilitating scale up. Recognition as a Schedule A CPSE follows an Excellent rating awarded by the Department of Public Enterprises (DPE) for 2024-25, a reflection of sustained performance and governance. Officials indicated that the reclassification will enable the corporation to exercise greater autonomy in decision making and resource allocation, thereby accelerating support functions for entrepreneurs. The enhanced status is expected to bolster confidence among stakeholders and attract better collaboration with state and private partners. The corporation's mandate over more than seven decades positions it to scale programmes that address skill gaps and offer credit support tailored to micro and small enterprises. The ministry and institutional partners will monitor implementation as the expanded powers take effect, with a view to sustaining competitive advantages for the sector. The decision is part of ongoing efforts to strengthen public sector interventions that underpin capacity building and inclusive industrial growth.

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

Infrastructure Energy

05 Aug 2026

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Infrastructure Urban

05 Aug 2026

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..