NSIC to help old army jawans to set up own ventures in MSME

National Small Industries Corporation (NSIC) on Monday said that it will collaborate with the armed forces to set up incubation centres to provide moderate technology and other skills to superannuated army jawans for setting up their own ventures in the micro, small and medium enterprise (MSME).
“The sole objective on incubation centre would be to train those jawans and soldiers including armed forces personnel that have superannuated with modest training of multiple nature with sufficient technological orientation for them to become self-reliant in terms of creating business avenues and job creation,” Lender to small industries NSIC’s CMD Ravindra Nath said, according to a statement issued by the PHD Chamber of Commerce.
He was addressing a conference in New Delhi organised by the PHD Chamber. NSIC is a state-run firm under the MSME ministry.