Module: General Practice
Q188: While the Office of the DC-MSME is an "Attached Office" of the Ministry, several other bodies are "Statutory Bodies" created by specific Acts of Parliament. Which of the following is NOT a Statutory Body?
✅ Correct Answer: C
Correct Option: C. Concept: Legal Status of MSME Institutions.
Analysis: NSIC (Not Statutory): It is a Public Sector Enterprise (Government Company) registered under the Companies Act.
It operates on commercial principles (Marketing/Raw Material support). KVIC (Statutory): Established under the KVIC Act, 1956.
Coir Board (Statutory): Established under the Coir Industry Act, 1953.
NB-MSME (Statutory): Established under the MSMED Act, 2006.
Analysis: NSIC (Not Statutory): It is a Public Sector Enterprise (Government Company) registered under the Companies Act.
It operates on commercial principles (Marketing/Raw Material support). KVIC (Statutory): Established under the KVIC Act, 1956.
Coir Board (Statutory): Established under the Coir Industry Act, 1953.
NB-MSME (Statutory): Established under the MSMED Act, 2006.