Page 4 - L2

This was set up in1955 with a view to promote aid and foster the growth of
small business units in the country. This focuses on the commercial aspects of
these functions.

• Supply indigenous and imported machines on easy hire-purchase terms.

• Procure, supply and distribute indigenous and imported raw materials.

• Export the products of small business units and develop export-worthiness.

• Mentoring and advisory services.

• Serve as technology business incubators.

• Creating awareness on technological up gradation.

• Developing software technology parks and technology transfer centers. A new
scheme of ‘performance and credit rating’ of small businesses is implemented
through National Small Industries Corporation (NSIC) with the twin objectives
of

(i) sensitizing the small industries about the need for credit rating and
(ii) Encouraging the small business units to maintain good financial
track record.

4. Small Industries Development Bank of India (SIDBI)

• Set up as an apex bank to provide direct/indirect financial assistance under
different schemes, to meet credit needs of small business organizations.

• To coordinate the functions of other institutions in similar activities. Thus so
far, we have learnt about the various institutions operating at the central level
and state level in support of the small industries.

5. The District Industries Centers (DICs)

The District Industries Centers Programme was launched on May 1, 1978,
with a view to providing an integrated administrative framework at the district
level, which would look at the problems of industrialization in the district, in a
composite manner.

In other words District Industries Centers is the institution at the district level
which provides all the services and support facilities to the entrepreneurs for
setting up small and village industries. Identification of suitable schemes,
preparation of feasibility reports, arranging for credit, machinery and