NEW DELHI: The National Small Industries Corporation (NSIC) has signed a MoU with IDBI Bank under its MSME Credit Facilitation Program to enhance access to credit for Micro, Small, and Medium Enterprises across India.
The MoU was formally signed recently, by Mr. Sanjay Rautela, Chief General Manager, NSIC, and Mr. Chandra Shekhar Arya, General Manager – Priority Sector, IDBI Bank, at the bank’s Head Office in Mumbai.
The signing ceremony was held in the presence of Dr. Subhransu Acharya, CMD, NSIC, and Shri Gaurav Gulati, Director (Finance), NSIC, along with senior officials from both organizations.
Through this partnership, IDBI Bank will provide credit support to MSME projects at various locations across India, including key industrial hubs and clusters where its
branches operate. This collaboration aims to streamline the credit facilitation process and serve as a platform for referring MSME clients interested in availing of IDBI Bank’s loan products.
The MoU marks a significant step in strengthening the MSME ecosystem by ensuring timely financial support to enterprises, thereby fostering entrepreneurship and economic growth.
