NEW DELHI . The National Small Industries Corporation (NSIC) has signed a pact with State Bank of India for providing affordable and easy credit to
small-and- medium-sized units.
NSIC also has such agreements with various banks such as YES Bank, HSBC, Axis Bank, Union Bank of India and Central Bank of India.
"Recently, we have signed an agreement with SBI to facilitate easy credit to MSMEs at a reasonable rate and we hope it will really help these units,"
Chairman-cum-Managing Director of NSIC H P Kumar said.
He was speaking to reporters after the Memorandum of Understanding (MoU) signing ceremony between NSIC and Mauritius-based Small and Medium Enterprise Development Authority (SMEDA).
More and more banks are willing to sign similar agreements with NSIC as they want Micro, Small and Medium Enterprises (MSMEs) to be their
customers, Kumar said.
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