Economy, Banking and Finance · 15 July 2026

Quality Council of India (QCI) and National Small Industries Corporation Limited (NSIC) sign MoU to strengthen MSME quality, competitiveness and market access

Exam-focused facts from the 15 July 2026 current affairs briefing.

Key facts

  • The Quality Council of India (QCI) and the National Small Industries Corporation Limited (NSIC) signed a Memorandum of Understanding (MoU) to establish a collaborative ecosystem for Micro, Small and Medium Enterprises (MSMEs).
  • The partnership aims to integrate key national initiatives including the MSME Sustainable (ZED) Certification Scheme, MSME Global Mart, the TEAM Initiative and the Single Point Registration Scheme (SPRS).
  • ZED-certified MSMEs will receive enhanced digital commerce opportunities through MSME Global Mart, onboarding on the Open Network for Digital Commerce (ONDC) under the TEAM Initiative, AI-enabled product cataloguing, and export promotion via dedicated digital platforms.
  • The collaboration will support NABL accreditation for NSIC testing facilities and enable NABET-led assessment, accreditation and capacity-building programmes for NSIC training centres and laboratories.
  • QCI and NSIC will constitute a Joint Coordination Committee (JCC) that will meet every quarter to monitor progress and identify new areas of collaboration during the five-year tenure of the MoU.
  • The MoU was signed at the QCI Office, World Trade Centre, New Delhi, in the presence of senior officials including NSIC Chairman-cum-Managing Director Dr. Subhransu Sekhar Acharya and QCI Senior Director Dr. A. Raj.