IGNOU MS 93 2026 2027 - Discuss the role of National Small Industries Corporation in mee

Question

Discuss the role of National Small Industries Corporation in meeting the requirements of ‘Term
Loan’ to the Micro, Small and Medium Enterprises.

09 Jul 2026

Answer :

Word Count : 425

The National Small Industries Corporation (NSIC) plays an important role in supporting Micro, Small and Medium Enterprises (MSMEs) by facilitating their financial and developmental needs. Since small enterprises often face difficulties in obtaining adequate finance for expansion, modernization and working capital requirements, NSIC provides various schemes and services to strengthen their financial position. One of its significant contributions is helping MSMEs meet their requirements of term loans. Term loans are long-term financial facilities required by enterprises for purchasing machinery, acquiring fixed assets, setting up new

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