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.

Resources

29 May 2026

KBL Launches Smart Skid Mounted Fire Pump Set

Kirloskar Brothers (KBL) has launched its Smart Skid Mounted Fire Pump Set, an integrated fire protection solution designed to improve operational efficiency, remote monitoring and installation flexibility. The system was inaugurated by Ms Madhuritai Misal, Hon. Minister of State for Urban Development, Government of Maharashtra.The Smart Skid Mounted Fire Pump Set is a factory-tested, pre-packaged solution that combines FM/UL-certified motor and engine pump sets with IoT-enabled remote monitoring. Designed to deliver a flow rate of 170 m³/hr at a head of 100 metres, the system aims to provide..

Real Estate

29 May 2026

Senior Living Shifts Beyond Retirement Housing

Senior living in India is increasingly being positioned as a lifestyle-driven housing segment rather than conventional retirement accommodation. Across projects in Bengaluru, Pune and the NCR, developers are focusing on wellness ecosystems, assisted independence and active ageing, reflecting changing perceptions of later life among urban affluent buyers.The shift is being driven by financially secure seniors seeking socially engaged and professionally managed communities instead of ageing in large family homes. Developers are also moving away from standalone retirement campuses, particularly i..

Products

29 May 2026

Antica Ceramica Launches Heritage-Inspired Terracotta Tiles

Antica Ceramica has launched a new terracotta tile collection inspired by India’s architectural heritage and designed for contemporary interiors and exteriors. The range combines handcrafted aesthetics with modern functionality, bringing warmth, texture and cultural character to residential and hospitality spaces.Drawing inspiration from traditional courtyards, verandahs and heritage homes, the collection features terracotta tones, handcrafted motifs and customisable patterns aimed at transforming flooring and surfaces into design elements. The launch reflects growing demand for natural mate..