ANNUAL REPORT - Dc Msme

Annual Report
2010-11
Chapter -VIII NSIC
e) Buyer – Seller Meets: Large
and institutional buyers such as
Railways, Defence, Communication
Departments and large companies are
invited to participate in buyer-seller
meets to enrich MSEs knowledge
regarding terms and conditions,
quality standards, etc. required by
the buyers. These Meets are aimed
at vendor development from MSEs
for the bulk manufacturers.
8.5.2 Technology Support
a) Technology is the key to enhancing
a company’s competitive advantage
in today’s dynamic information
age. MSMEs need to develop and
implement a technology strategy in
addition to financial, marketing and
operational strategies and adopt
the one that helps integrate their
operations with their environment,
customers and suppliers.
b) NSIC offers MSMEs the
following support services through
its Technical Services Centres and
Extension Centres:
(i) Material testing facilities
through accredited
laboratories;
158
(ii) Product
CAD;
design including
(iii) Common facility support in
machining, EDM, CNC, etc.;
(iv) Energy and environment
services at selected Centres;
and
(v) Practical training for skill
upgradation
c) A total of 8,255 units were served
under Common Facility Services
during the year 2009-10 and up to
30th November, 2010, 5,247 units
were served.
8.5.3 Credit Support to MSMEs
a) Meeting credit needs of MSMEs
through tie-up arrangements
with Banks
One of the major challenges faced
by MSMEs is inadequate access
to finance due to lack of financial
information and non-formal
business practices. To overcome
these problems, NSIC has entered
into tie-up arrangements with 12
banks (i.e. United Bank of India, UCO
MSME