BUSINESS ADMINISTRATION
ENTREPRENEURIAL DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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National Small Industries Corporation
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National Small Industries Company
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National Small Industries Co-operative
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National Small Industries Collaboration
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Detailed explanation-1: -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.
Detailed explanation-2: -January 07, 2021. 10 min read. NSIC (National Small Industries Corporation), established in the year 1955, aims to support, promote, develop, and foster the ministry of MSME – Micro, Small, and Medium Enterprises of India. NISC is an ISO 9001-2015 certifies organization under the Government of India Enterprise.
Detailed explanation-3: -NSIC provides equipment, plant, and machinery on a hire-purchase basis. Under its scheme, entrepreneurs can procure indigenous as well as imported machinery. But the scheme does not include second-hand machinery and machinery costing less than Rs. 1000.