NSIC Signs MoUs with Private Banks to Boost MSME Credit

Collaboration aims to extend handholding support to MSMEs & help them link to the formal financial system

Towards the objective of facilitating availability, accessibility & affordability of credit to MSMEs, National Small Industries Corporation (NSIC) entered into Memoranda of Understandings (MOUs) with various private sector banks such as Axis Bank, Dhanlaxmi Bank, Karnataka Bank, AU Small Finance Bank and IndusInd Bank on 11^th August, 2025 under its MSME Credit facilitation program.

The Occasion witnessed the august presence of Shri Jitan Ram Manjhi, Union Minister of MSME and Shri S.C.L. Das Secretary (MSME). The MoUs were exchanged between Shri Gaurav Gulati, Director (Finance), NSIC and senior officials from various banks in the presence of Ms. Mercy Epao, JS(SME), Dr. S. S. Acharya, CMD, NSIC and other senior officials from NSIC and banks.

The collaboration aims to extend handholding support to MSMEs and help them link to the formal financial system, with increased focus on the Banks to expand their outreach to deserving micro & small enterprises, the arrangement is expected to be a force multiplier in the efforts of Banks to reach the last mile.