IndusInd Bank has signed a strategic Memorandum of Understanding (MoU) with the National Small Industries Corporation (NSIC), a Government of India enterprise under the Ministry of Micro, Small and Medium Enterprises (MSME). This collaboration aims to accelerate credit delivery and provide comprehensive financial support to over 6.7 crore Udyam-registered MSMEs across India.
The MoU was signed in New Delhi in the presence of distinguished dignitaries, including Shri Jitan Ram Manjhi, Union Cabinet Minister of MSME, Shri S.C.L. Das, Secretary of the Ministry of MSME, Smt. Mercy Epao, Joint Secretary of MSME, Dr. Subhransu Sekhar Acharya, CMD of NSIC, Mr. Gaurav Gulati, Director of Finance at NSIC, and Mr. V. Raghunath, EO to CMD, DGM Finance, NSIC.
Under this partnership, IndusInd Bank will offer customized banking solutions to MSMEs affiliated with NSIC. These include working capital loans, term loans, and structured credit facilities, designed to help enterprises access timely financing and scale their operations.
This collaboration aligns with NSIC’s flagship programs such as the Credit Facilitation Scheme and the Single Point Registration Scheme, which simplify access to bank finance and provide MSMEs with priority in government procurement. By combining NSIC’s trusted ecosystem with IndusInd Bank’s financial expertise and digital capabilities, the partnership aims to bridge credit gaps and empower MSMEs to expand their presence in larger markets sustainably.
