As per a policy, every central ministry/department/PSU shall procure minimum 20 per cent of their total annual purchases of the products or services from the Micro and Small Enterprises (MSEs).
In this scheme the NSIC also plans to register 100 new MSMEs in the state in this financial year. Two more new offices will be opened at Paradip and Samblapur adding to its existing six offices in the state at Bhubaneswar, Rourkela, Bolangir, Berhampur, Cuttack and Balasore. NSIC will enter into a memorandum of understanding with the state government to facilitate credit linkage for MSMEs after model code of conduct is over.
Under its bank tie-up scheme the NSIC has signed pacts with various nationalised and private banks for credit facility to MSMEs.
The mini ratna government company has awarded the contract to construct the MSME (micro, small and medium enterprises) facilitation centre in Bhubaneswar to National Buildings Construction Corporation Limited at a cost of Rs 60 crore. It will be a one-stop solution for the development of MSMEs and is likely to house offices of service providers like training institutes and insurance companies.