NSIC (National Small Industries Corporation Ltd) was established in 1955. It is a Government of India enterprise under the Ministry of Micro, Small and Medium Enterprises (MSME). NSIC was established with the aim of promoting, aiding, and fostering the growth of small-scale industries in the country. Let's delve into the details of its establishment and objectives.

Establishment of NSIC
NSIC was set up in the year 1955 with the objective of supporting and promoting the growth of small-scale industries in India. It was established as an apex body to coordinate and facilitate the functions of various institutions and agencies engaged in the promotion and development of small-scale industries.

Objectives of NSIC
The main objectives of NSIC are as follows:

1. Promoting and assisting the growth of small-scale industries: NSIC aims to promote and assist the growth of small-scale industries by providing them with various support services and schemes.

2. Facilitating marketing support: NSIC provides marketing support to small-scale industries by assisting them in the marketing of their products and services. It undertakes various marketing activities such as participating in trade fairs, organizing exhibitions, and providing assistance in export promotion.

3. Providing financial assistance: NSIC provides financial assistance to small-scale industries through various schemes such as the Single Point Registration Scheme (SPRS) and the Performance and Credit Rating Scheme (PCRS). These schemes help small-scale industries in accessing credit and financial support.

4. Facilitating technology support: NSIC facilitates the adoption of modern technology and techniques by small-scale industries. It provides technical support and assistance to small-scale industries through its Technical Services Centres (TSCs) and Common Facility Centres (CFCs).

5. Enhancing competitiveness: NSIC aims to enhance the competitiveness of small-scale industries by providing them with various support services such as access to raw materials, training and skill development, and quality improvement initiatives.

6. Promoting entrepreneurship: NSIC plays a crucial role in promoting entrepreneurship by providing training and skill development programs to aspiring entrepreneurs. It also assists in the establishment of new enterprises and provides handholding support during their initial stages.

In conclusion, NSIC was established in 1955 with the objective of promoting and supporting the growth of small-scale industries in India. It provides various support services and schemes to enhance the competitiveness of small-scale industries and facilitate their growth and development.