The DIC is a Field Agency engaged in promotion and development of micro, small and medium enterprises in the Islands. The DIC is the implementing agency (IA) for the newly launched employment generation scheme i.e. Prime Ministers Employment Generation Scheme. The DIC has also been notified for registration of micro and small enterprises and is the issuing authority for Entrepreneurs Memorandum, Part – I (Provisional Registration) to the industrial units of the Union Territory under Micro, Small and Medium Enterprises Development Act 2006. The detail of functions of this organization is state as follows: