The Union government has upgraded the National Small Industries Corporation (NSIC) to Schedule ‘A’ status, enhancing its financial and operational autonomy and strengthening its role in supporting micro, small and medium enterprises across India.
The upgrade was notified by the Ministry of Micro, Small and Medium Enterprises on 26 February 2026, elevating NSIC from its earlier Schedule ‘B’ classification among central public sector enterprises.
Schedule ‘A’ status will grant NSIC increased financial autonomy, allowing the organisation to make more strategic decisions.
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According to the MSME Ministry, the National Small Industries Corporation Ltd, the Central public Sector Enterprises (CPSE) under Ministry of MSME, is engaged in the promotion and development of Micro, Small & Medium Enterprises (MSME) sector across the country since more than seven decades.
The ministry added the recognition of Schedule ‘A’ will reflect positively on NSIC’s management, operation and financial powers boosting it’s support to MSMEs.
The NSIC supports MSMEs in their entire stages of life cycle through its various interventions such as skilling, capacity building, enhancing their cost competitiveness, marketing support, credit facilitation, growth capital by way of equity investments, etc.
NSIC also serves as an implementation partner for several government programmes.
