MoMSME Upgrades National Small Industries Corporation to ‘Schedule A’ CPSE

Current Context: On 26 February 2026, the Ministry of Micro, Small & Medium Enterprises (MoMSME) upgraded the National Small Industries Corporation (NSIC) from Schedule B to Schedule A Central Public Sector Enterprise (CPSE).

• The move recognizes NSIC’s “Excellent” performance rating by the Department of Public Enterprises (DPE) for FY 2024–25.
• Schedule A status grants NSIC’s board greater financial and operational autonomy.
• It is a mandatory step toward Navratna status, which allows wider global investment freedom.
• The upgrade enables higher pay scales for CMD and Directors, attracting top-tier leadership.
• NSIC can now faster implement MSME lifecycle support—credit facilitation, raw material assistance, and global marketing.
• Overall, this strengthens the MSME ecosystem with quicker, empowered support.

Question:

Q.1 In February 2026, the Ministry of Micro, Small & Medium Enterprises upgraded the National Small Industries Corporation (NSIC) to which status?
a) Maharatna CPSE
b) Navratna CPSE
c) Schedule A CPSE
d) Schedule C CPSE

Answer: c) NSIC was elevated from Schedule B to Schedule A CPSE.