NSIC Signs MoU with TransUnion CIBIL to Strengthen MSME Credit Ecosystem in India
New Delhi: The National Small Industries Corporation Ltd (NSIC) has signed a Memorandum of Understanding (MoU) with TransUnion CIBIL on 16 June 2026, aiming to strengthen India’s MSME ecosystem through improved credit awareness, financial discipline, and data-driven insights.
The MoU was signed in the presence of senior leadership including Dr. S.S. Acharya (CMD, NSIC) and Shri Gaurav Gulati (Director Finance, NSIC), along with officials from both organizations. The agreement was formally executed by Shri Manoj Kumar Singh (Sr. General Manager, NSIC) and Shri Nikhil Rajadhyaksha (Chief Revenue Officer, TransUnion CIBIL).
Key Objectives of the MoU
The collaboration focuses on enhancing the financial ecosystem for MSMEs through:
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Capacity-building initiatives for MSME entrepreneurs
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Credit education and awareness programs
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Development of joint sectoral insight reports
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Campaigns to improve financial literacy and credit behavior
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Guidance for better credit profiling and risk management
Strengthening MSME Financial Access
The partnership is expected to help MSMEs better understand credit systems and improve their eligibility for formal financing. By promoting responsible financial behavior, the initiative aims to bridge the credit gap and enable small businesses to access loans at more competitive terms.
The MoU also includes deeper sectoral analysis to identify challenges and opportunities within MSME financing and suggest actionable solutions for stakeholders.
Strategic Impact
This initiative aligns with India’s broader goal of strengthening the MSME sector, which plays a crucial role in employment generation and economic growth. Improved credit literacy and data transparency are expected to enhance business sustainability and expansion opportunities for small enterprises.