NSIC enters into MoU with IDBI Bank to support MSMEs credit growth
This MoU shall be the cornerstone for referring potential MSME customers to IDBI Bank who have expressed interest in their Loan Products.
In order to support a number of MSMEs with credit support from Banks, the National Small Industries Corporation (NSIC) entered into a Memorandum of Understanding (MOU) with IDBI Bank on 11th July, 2025 under its MSME Credit facilitation program.
This MoU shall be the cornerstone for referring potential MSME customers to IDBI Bank who have expressed interest in their Loan Products.
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This arrangement of financing by IDBI Bank shall be extended to the projects relating to MSME sector at different places where bank branches are located or other important industrial centers or clusters throughout the country.
The MoU was signed by Mr. Sanjay Rautela, Chief General Manager on behalf of NSIC and Mr. Chandra Shekhar Arya, General Manager, Priority sector, IDBI Bank, Head Office, Mumbai in the presence of Dr.Subhransu Acharya, CMD NSIC & Sh. Gaurav Gulati, Director (Finance), NSIC in presence of other senior officials of NSIC and IDBI Bank.
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