The collaboration will unify key national programs, integrating the Zero Defect Zero Effect (ZED) Certification Scheme with NSIC’s MSME Global Mart and Single Point Registration Scheme (SPRS). Under this framework, ZED-certified MSMEs will benefit from enhanced digital commerce opportunities, onboarding on the Open Network for Digital Commerce (ONDC) via the TEAM Initiative, AI-enabled product cataloging, and dedicated export promotion. Furthermore, the partnership will strengthen laboratory infrastructure through NABL accreditation for NSIC facilities and leverage NABET to run customized capacity-building programs across training centers.

To drive effective execution, both organizations are constituting a Joint Coordination Committee (JCC) that will meet quarterly to monitor progress and identify fresh avenues for collaboration. Leadership from both entities emphasized that the alliance merges quality consciousness with extensive market outreach. By empowering grassroots businesses to confidently enter domestic and global supply chains, the initiative marks a significant step forward in building a robust, quality-driven corporate landscape for India’s massive MSME sector. (PIB)

The MoU was signed in New Delhi, in presence of the esteemed dignitaries – Shri Jitan Ram Manjhi, Union Cabinet Minister of Micro, Small and Medium Enterprises in the Govt. of India, Shri S.C.L. Das, IAS, Secretary-Ministry of MSME, Govt. of India, Smt. Mercy Epao, Joint Secretary in the Ministry of Micro, Small & Medium Enterprises in the Govt. of India, Dr. Subhransu Sekhar Acharya, Chairman & Managing Director, The National Small Industries Corporation Ltd. (NSIC), Mr. Gaurav Gulati, Director of Finance, NSIC, and Mr V. Raghunath, EO to CMD, DGM Finance, NSIC.

IndusInd Bank will extend customized banking solutions to MSMEs associated with NSIC, including working capital, term loans, and structured credit facilities. The collaboration complements NSIC’s flagship initiatives such as the Credit Facilitation Scheme and the Single Point Registration Scheme, which enables the MSMEs to access bank finance more efficiently and benefit from preferred treatment in government procurement. These combined efforts will empower these enterprises to secure timely credit, participate more effectively in larger markets, and scale operations sustainably.

This MoU is part of IndusInd Bank’s larger mission to strengthen the MSME sector by combining NSIC’s trusted ecosystem with the Bank’s financial expertise and digital capabilities, thus bridging credit gaps, and contributing to the Government of India’s vision of fostering self-reliance and inclusive economic progress.