NSIC pays dividend to Govt

31 Aug '07

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Prime Minister Dr. Manmohan Singh presented National Awards to the Micro Small and Medium Entrepreneurs. The Awards were in three categories: a) Outstanding Entrepreneurs of Micro & Small Enterprises, Khadi and Village Industries and Coir Industries; b) Special Awards to Women and SC/ST Entrepreneurs and c) Banks for Excellence in Small Enterprises Lending.

Total 111 entrepreneurs got awards in various categories. 14 entrepreneurs received awards from the Prime Minister, while Shri Mahabir Prasad, Union Minister for Micro, Small & Medium Enterprises presented awards to the rest of the awardees.

Presenting the awards Prime Minister Dr. Manmohan Singh said, “Gone are the days when the business limelight was reserved almost entirely for the captains in the corporate sector and SMEs remained in the shadows. India's SME business leaders now stand proudly on their own feet.”

Appreciating the commitment and persistent endeavour of the small entrepreneurs, the Prime Minister commented, “Nowhere is this spirit of enterprise, this willingness to take risk and an eagerness to strike out on one's own to seek a fortune more in evidence than in our small and medium enterprises sector. It is this animal spirit which makes the SME sector the most dynamic in our economy and worthy of our support and encouragement.”

Recognizing the importance of providing social security to the unorganized workers as also to the workers of the SME Sector, Dr. Manmohan Singh said, “Our Government recognizes the importance of extending social security to workers in the micro and small enterprises sector. As a first step in this direction, we have declared our intention to provide an old age pension to all citizens above the age of 65 and living below the poverty line."

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