NSIC Finance and Accounts Highlights 2024
The National Small Industries Corporation Ltd. (NSIC) is a government-owned enterprise in India that promotes and supports the growth of small and medium-sized enterprises (SMEs). The NSIC provides a range of services to SMEs, including financial assistance, technology support, marketing assistance, and training programs. Its primary goal is to foster entrepreneurship, promote self-employment, and enhance the competitiveness of small businesses. NSIC also facilitates procurement opportunities for SMEs by securing orders from government agencies and large corporations. Through its various initiatives, NSIC plays a crucial role in driving economic development, job creation, and the overall growth of the SME sector in India.
To maintain the efficient operation of this organisation, NSIC regularly holds recruitment drives to hire young and qualified individuals for diverse positions. Among the roles for which NSIC conducts recruitment drives is that of Assistant Manager in various specialised fields. Notably, NSIC has recently issued a notification for the Assistant Manager position within the Finance & Accounts domain. Let’s take a look at the NSIC recruitment 2024 in the table below.
NSIC Highlights 2023
| Conducting Authority | NSIC |
|---|---|
| Official Website | https://www.nsic.co.in/ |
| Name of the Posts | Assistant Manager (Finance & Accounts) |
| Mode of application | Online |
| Stages of Exam | Three Stages-
|
| Maximum marks & Time duration |
|
| Online Registration of Applications and Payment of Fees / Intimation Charges | September 04, 2023 to September 29, 2023 |
| Download of Written Examination Call Letters | To be notified later |
| NSIC Assistant Manager Online Examination | To be notified later |
| Number of Vacancies | 51 |
| [Click Here for NSIC Assistant Mananger Official Notification 2023 PDF] | |
NSIC Finance and Accounts Notification 2024
Recently, NSIC released a notification for Assistant Manager positions across various specialised fields, including Finance & Accounts. Eligible candidates have the opportunity to apply for the NSIC 2023 exam between September 04 to September 29, 2023. The deadline for submitting the printout of the online application is October 06, 2023.
To successfully apply for the NSIC 2023 exam, prospective candidates must meticulously review the eligibility criteria outlined in the official NSIC Finance & Accounts recruitment notification 2023 to ensure they fulfill all stipulations. Prior to submitting their applications, it is imperative to cross-verify factors such as the NSIC age requirements, educational qualifications, and nationality to ensure compliance with the prescribed guidelines.
NSIC will issue the NSIC Finance & Accounts admit card 2024 a few days prior to the exam date. The NSIC call letter will contain crucial details, such as the examination venue, reporting time, roll number, and exam day instructions. Candidates are required to present a valid identity proof in addition to the admit card. Notably, physical copies of the admit cards will not be dispatched to candidates via postal mail
NSIC Finance and Accounts Vacancy 2024
The NSIC notification has unveiled 19 vacancies for the position of Assistant Manager in the Finance & Accounts stream. Moreover, these positions have been subdivided into both general and reserved categories, aiming to guarantee equitable representation and prospects for candidates from diverse backgrounds. To gain insight into the distribution of the NSIC Finance & Accounts vacancies in 2023, refer to the table provided below.
| Post Name | SC | ST | OBC | EWS | UR |
|---|---|---|---|---|---|
| Finance & Accounts | 2 | 1 | 5 | 1 | 10 including 01 for PWBD |
How to Apply Online for the NSIC Finance & Accounts Exam 2024
Prior to submitting an application for the NSIC Finance & Accounts exam 2024, it is imperative to review the eligibility criteria specified for the position meticulously. It is vital to ensure compliance with all criteria to prevent the potential rejection of the applicant's submission. Pay close attention during the application form completion process. Below, we have provided a comprehensive, step-by-step guide to assist you in navigating the application procedure.
- Visit the NSIC website www.nsic.co.in and go to the ‘Career’ section.
- Click on the ‘Link for Online Application’ option to apply for the NSIC exam 2024.
- Enter your name and email address.
- You will receive an email for verification at the provided email address. After successful verification, you can access the recruitment portal.
- Complete the essential details.
- Use your email ID to log in and complete the Application Form.
- Upload a recent passport-sized colour photograph with a white background and your signature in JPEG format, ensuring both are under 100kb in size.
- Make the payment of application fees through NEFT.
- Upon completion, you will receive an Application Number for future reference.
- The Application Number will be sent to your registered mobile number via SMS/email.
- Once the Application Number is generated, print it on A-4 size paper and sign where indicated.
- Enclose self-attested copies of the following documents with the printed Online Application Form:
- Proof of name (as per Class X Certificate/Mark sheet or School Leaving/Transfer Certificate documents)
- Proof of date of birth (Class X Certificate/School Leaving Certificate).
- Reservation certificates (SC/ST/OBC/EWS/PwBD) in the prescribed format.
- Educational and professional qualification certificates and mark sheets.
- Evidence of the university/institute's CGPA/OGPA/DGPA to percentage conversion norms.
- Age relaxation by up to 10 years and the First Class requirement for Graduation/Post-Graduation can be relaxed for departmental employees applying for Direct Recruitment Posts.
The hard copy of the Online filled Application Form, along with the required documents mentioned in point 5 above, should be submitted through Ordinary Post, Registered Post, Speed Post, Courier, or in person to the following address:
Senior General Manager – Human Resources
The National Small Industries Corporation Limited
"NSIC Bhawan"
Okhla Industrial Estate
New Delhi-110020
Telephone: 011-26926275
NSIC Finance & Accounts Application Fees
The application fee of Rs. 1500 per application must be paid via NEFT using the following details:
| Category | Application Fee |
|---|---|
| UR/OBC/ EWS Male | Rs.1500/-per application |
| SC/ST/PwBD/Women candidates | No Fee |
Account Number: 0602002100320118
IFSC Code: PUNB0060200
Account Name: NSIC LTD
Address: NSIC BHAWAN, OKHLA INDUSTRIAL ESTATE, NEW DELHI-110020
However, SC/ST/PwBD/Women candidates and Departmental candidates are exempt from paying any application fees. It's important to note that the application fee is non-refundable, and no other payment method will be accepted. Applications submitted without the required application fees will be rejected outright.
NSIC Finance & Accounts Exam Pattern 2024
The selection process for NSIC Finance & Accounts includes a single-phase Written Test followed by a Personal Interview. Therefore, it is crucial to acquaint yourself with the NSIC Finance & Accounts exam pattern before commencing your exam preparation. This will provide a comprehensive overview of the exam's sections, marking scheme, and language.
NSIC Finance & Accounts Written Test
The Written Test for NSIC Finance & Accounts will consist of 100 Marks featuring 100 Multiple-choice Questions. The duration of the question paper will be 60 minutes. NSIC will administer the Written Test through a Government Agency. Each correct answer will carry 01 Mark, with a penalty of 0.50 Marks for each wrong answer in the form of a negative marking.
Refer to the table below for a detailed outline of the NSIC Finance & Accounts exam pattern.
| SL. No. | Name of Test | No. of Questions | Marks | Duration |
|---|---|---|---|---|
| 1. | Quantitative Aptitude | 10 | 10 | 60 Minutes |
| 2. | Reasoning Ability | 10 | 10 | |
| 3. | General English | 10 | 10 | |
| 4. | General Awareness | 10 | 10 | |
| 5. | Core Subject | 60 | 60 | |
| Total | 100 | 100 | 60 Minutes | |
Please Note:
- The weightage given to the Written Test is 70%, while the Personal Interview carries a weightage of 30%.
- The minimum qualifying marks for the Written Test will be 50%, relaxable up to 5% for candidates who belong to SC/ST/PwBD).
NSIC Finance & Accounts Syllabus 2024
The next essential step is to acquaint yourself with the NSIC Finance & Accounts syllabus. Familiarising yourself with the NSIC Finance & Accounts syllabus will provide a comprehensive understanding of the exam's subjects and content. A thorough review of each section within the subjects will provide a competitive edge in the examination. A firm grasp of the NSIC Finance & Accounts syllabus will enable you to plan your study strategy effectively, focusing on areas that require more attention, thereby increasing your chances of success in the NSIC Finance & Accounts exam.
| Section | Topics |
|---|---|
| Accounts | Basic Accounting concept including preparation of books of accounts and Accounting Standards |
| Financial Management | Analysis of Financial statement, Budgeting & Budgetary control, Working Capital management, Capital Budgeting & Ratio Analysis |
| Taxation | Income Tax including filing of return, TDS, Advance Tax etc, Goods & Services Tax |
| Auditing | Auditing Concepts and Methods, Internal & External Audit of Companies |
| Commercial Laws | Contract Act, Companies Act, Sales of Goods Act, Negotiable Instrument Act, Consumer Protection Act, RTI Act |
NSIC Finance & Accounts Exam Dates 2024
To ensure effective preparation for the NSIC Finance & Accounts exam, it is essential to stay informed about all the significant dates. The official NSIC Finance & Accounts notification 2024 provides a detailed examination schedule, including critical dates such as the application start and end date, application closure date, and the NSIC Finance & Accounts exam date.
Taking note of the NSIC Finance & Accounts exam dates will help you stay organised, avoid missing crucial deadlines, and plan your preparation effectively. Adhering to the specified timelines in the exam calendar is crucial for a smooth application process and to prevent any last-minute hassles. Take a look at the table below for the NSIC exam dates 2024.
| Events | Exam dates |
|---|---|
| Commencement of online application | September 04, 2023 to September 29, 2023 |
| Last date of online application | September 29, 2023 |
| NSIC Exam Admit Card | To be notified later |
| NSIC Exam Date | To be notified later |
| NSIC Exam Result | To be notified later |
NSIC Finance & Accounts Salary 2024
The NSIC Finance & Accounts position offers a remarkable opportunity for individuals aspiring to establish their careers in the government sector. Successful candidates for the Finance & Accounts role will receive a salary within the Pay Scale of Rs. 30,000-1,20,000/-. Moreover, the selected candidate may be assigned to work at any NSIC office or Technical Center throughout India.
Furthermore, the compensation package includes various components such as Basic pay, Industrial DA, HRA, Perquisites, and Allowances as per the cafeteria approach, EPF, Gratuity, etc. Additionally, Performance Related Pay will be applicable as per admissible rules of the Corporation.
The NSIC also has a policy relating to the House Building Advance, Vehicle Advance, Computer Advance, Medical facilities for both self and dependents under the cafeteria approach, PF, Gratuity, Superannuation Pension Scheme, and Leave encashment.
NSIC Finance & Accounts Eligibility Criteria 2024
Prospective candidates should prioritise gaining a comprehensive understanding of the NSIC Finance & Accounts eligibility criteria before applying for the exam. Familiarity with these criteria is paramount to ensure a seamless application process and to prevent the possibility of disqualification or application cancellation.
| Post Name | Eligibility Criteria |
|---|---|
| Assistant Manager | Chartered Accountant (CA's)/ CMA’s (ICWA's) or First Class Graduate in Commerce with minimum 60% marks (with 5% relaxation in marks to SC/ST/PwBD) along with Two years full time regular MBA (First Class with minimum 60% marks, 5% relaxation in marks to SC/ST/PwBD) - with specialization in Finance from a recognized university or institution. Experience : NIL |
The NSIC Finance & Accounts eligibility criteria encompass elements like educational qualifications, NSIC age limit, and provisions for age relaxation. It is imperative that candidates carefully examine the official notification to ascertain their eligibility for the NSIC Finance & Accounts exam 2024. Take a look at the table for more information on the NSIC eligibility criteria 2024.
| Post Name | Age Criteria | Age Relaxation |
|---|---|---|
| Assistant Manager | 28 years for General | Age relaxation to SC, ST, OBC and PwBD as per Govt. Rules. |
NSIC Finance & Accounts Online Course
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