Overview The National Small Industries Corporation Limited (NSIC) , a Mini Ratna enterprise under the Ministry of MSME , has announced a dividend payment of ₹43.89 crore to the Government of India for the financial year 2024-25 . This reflects the corporation's strong financial performance and its contribution to the MSME sector. Key Developments Financial Performance Revenue: ₹3,431 crore generated by NSIC in FY 2024-25 . Profit After Tax (PAT): ₹146.30 crore , marking a 15.60% increase from the previous year. Dividend Payment: ₹43.89 crore paid to the Government of India. Leadership and Recognition The dividend cheque was presented by Dr. Subhransu Sekhar Acharya , CMD, NSIC to Shri Jitan Ram Manjhi , Union Minister of MSME and Sushri Shobha Karandlaje , Minister of State, Ministry of MSME. The Union Minister applauded NSIC’s efforts in empowering MSMEs through integrated support services. UPSC Relevance This news is relevant to GS3 (Economy) , specifically concerning the role of government policies and institutions in supporting the MSME sector . It also touches upon GS2 (Government Policies and Interventions) . Understanding the performance and initiatives of NSIC is crucial for Mains answers related to economic development and government support for small industries. Important Facts NSIC is a Mini Ratna enterprise, indicating its significant contribution to the public sector. The increase in PAT by 15.60% demonstrates NSIC's growing efficiency and profitability. The dividend payment to the government contributes to the national exchequer. MSMEs are a critical component of the Indian economy, contributing significantly to employment and GDP. Potential Exam Questions Discuss the role of NSIC in promoting and supporting the MSME sector in India. Analyze the impact of NSIC's financial performance on the overall growth of the MSME sector. Evaluate the effectiveness of government policies and initiatives in supporting MSMEs through institutions like NSIC.