Home / Knowledge / News / Textiles / NSIC signs MoU with Union Bank of India

NSIC signs MoU with Union Bank of India

17
Dec '08
Memorandum of Understanding (MoU) was signed by Dr. H.P. Kumar, CMD, National Small Industries Corporation (NSIC) and Shri M.V. Nair, CMD, Union Bank of India (UBI) in the presence of Shri Mahabir Prasad, Minister of Micro, Small and Medium Enterprises (MSME).

He congratulated the UBI for coming forward for financing micro and small entrepreneurs through its various branches located all over India. The Minister hoped it will be a grand success and wished many such incubation centres be established all over the country.

NSIC and UBI, are joining hands to serve the MSME sector – specifically micro & small enterprises, through this Memorandum of Understanding (MoU).

Under this arrangement, while NSIC would provide technical support to the eligible private institutions to set up Training-cum-Incubation Centres, Union Bank of India would extend credit support to such institutions for procurement of machineries to be required for setting up these centres. In addition to provide credit support for setting up such Incubation Centres, UBI would also help the aspiring entrepreneurs, who would be trained at these centres and desirous of establishing their own business ventures.

The arrangement, between NSIC and UBI, would be unique programme for enterprise establishment and would create self employment opportunities for the unemployed persons.

The Secretary, Ministry of MSME, Shri Dinesh Rai and other Senior Officials of the Ministry were present on the occasion.

Press Information Bureau


Interviews View All

Karan Toshniwal, Orange O Tec

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Top executives, Textile industry

Top executives
Textile industry

Knowledge sharing platform needed for sustainable water management

Karel Williams, Dow Microbial Control

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Aaron Spivak,

Aaron Spivak

Canada-based Hush Blankets was founded by Lior Ohayon and Aaron Spivak to...

Awanda Booth,

Awanda Booth

Held every year in New York City, Surtex is a global business-to-business...

Paolo Toricella,

Paolo Toricella

Electronics for Imaging (EFI) is a global technology company, based in...

Paolo Ocleppo, Sandvik Hyperion

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Alfonso Marra, Klopman

Alfonso Marra
Klopman

It was in 1968 that Klopman introduced the concept of poly/cotton workwear ...

Johann-Philipp Dilo, Dilo Group

Johann-Philipp Dilo
Dilo Group

German company Dilo Group is one of the leading equipment suppliers of...

Joe Ikareth, Joe Ikareth

Joe Ikareth
Joe Ikareth

<b>Joe Ikareth</b> has a rock-solid fashion and textiles background, which ...

Amiben Shroff, Shrujan

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Cigdem Akin, Cigdem Akin

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


October 2019

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search