**Executive Summary**
The National Small Industries Corporation (NSIC) celebrated its 71st Foundation Day on February 4, 2026, in New Delhi. The event, inaugurated by Union Minister Shri Jitan Ram Manjhi, reaffirmed NSIC's commitment to the MSME sector and the Atmanirbhar Bharat vision. The event highlighted the importance of supporting MSMEs through capacity building, innovation, and digital adoption.
**Key Points / Main Content**
* **Foundation Day Celebration:**
* NSIC celebrated its 71st Foundation Day on February 4, 2026, in New Delhi.
* The event included a Foundation Day Lecture by Prof. S. Mahendra Dev on the macro-economic scenario and policy initiatives for the MSME sector.
* **NSIC's Commitment:**
* NSIC reaffirmed its commitment to advancing the vision of Atmanirbhar Bharat.
* NSIC will continue to play a pivotal role in enabling the growth, competitiveness, and resilience of MSMEs in India.
* **MSME Support:**
* Highlighted the need to create awareness of NSIC's schemes among entrepreneurs.
* Emphasis on providing comprehensive handholding support to MSMEs, particularly in capacity building, innovation support, and digital adoption.
**Impact Analysis**
**MSMEs**
* **Impact:** MSMEs are expected to benefit from increased support in capacity building, innovation, and digital adoption.
* **Action Required:** MSMEs should be aware of and leverage the various NSIC schemes and support systems available to them.
**Entrepreneurs**
* **Impact:** Entrepreneurs are expected to benefit from NSIC's schemes.
* **Action Required:** Entrepreneurs should be aware of and leverage the various NSIC schemes and support systems available to them.
**NSIC**
* **Impact:** NSIC is reaffirmed in its role to help build a self-reliant entrepreneurial ecosystem.
* **Action Required:** NSIC should continue to strengthen and promote its initiatives.
Key Entities Referenced
NSIC: National Small Industries Corporation, an organization focused on supporting the MSME sector.
Ministry of Micro, Small & Medium Enterprises: The Indian government ministry responsible for policies related to the MSME sector.
Atmanirbhar Bharat: Government of India's initiative for self-reliance.
Ministry of Micro,Small & Medium Enterprises
NSIC CELEBRATES 71 YEARS OF SERVING THE
NATION
Union Minister for Micro, Small and Medium Enterprises Shri
Jitan Ram Manjhi inaugurates NSIC's 71st Foundation day
celebrations
Reaffirms Commitment to Atmanirbhar Bharat
Posted On: 04 FEB 2026 8:41PM by PIB Delhi
Shri Jitan Ram Manjhi, Hon’ble Union Minister for Micro, Small and Medium Enterprises inaugurated
NSIC's 71st Foundation day celebrations on 4th February 2026 at the Dr. Ambedkar International Centre,
New Delhi. Addressing the gathering, Shri Jitan Ram Manjhi, Hon’ble Minister congratulated NSIC on
completing a milestone journey for its dedicated service to the MSME sector and lauded its role as a
catalyst in strengthening and nurturing India’s vibrant micro, small and medium enterprises sector. He
emphasized the importance of creating widespread awareness of NSIC’s schemes among entrepreneurs
and highlighted the need to provide comprehensive handholding support to MSMEs, particularly in the
domains of capacity building, innovation support, and digital adoption.
The 71st Foundation Day celebration also featured a Foundation Day Lecture delivered by Prof. S.
Mahendra Dev, Chairman of Economic Advisory Council to the Prime Minister. In his address, Prof
Mahendra Dev provided valuable insights into the current macro-economic scenario and outlined key
policy initiatives aimed at bolstering the MSME ecosystem. He underscored the importance of
transforming the challenges of global trade into opportunities by harnessing India’s exceptional domestic
capabilities and entrepreneurial spirit.
On this occasion, Dr. S.S. Acharya, Chairman and Managing Director, NSIC, reaffirmed NSIC’s
commitment to advancing the vision of Atmanirbhar Bharat, emphasizing that NSIC will continue to play
a pivotal role in enabling the growth, competitiveness and resilience of MSMEs in India. He further added
that the 71st Foundation Day celebration was not only a tribute to the Corporation’s rich legacy but also a
reaffirmation of its resolve to build a stronger and more self-reliant entrepreneurial ecosystem for the
future. He also expressed his heartfelt gratitude to all stakeholders who have been instrumental in NSIC’s
milestone journey over the past decades.
The event witnessed the august presence of Shri S.C.L. Das, Secretary (MSME), Dr. Rajneesh, Additional
Secretary & Development Commissioner (MSME), Ms. Mercy Epao, Joint Secretary (MSME), besides
Directors of NSIC, senior officials from the Government of India, representatives of NITI Aayog, Industry
Associations, and MSME entrepreneurs.
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