MoU21 Aug 2025, 12:48 pm
IndusInd Bank Collaborates with NSIC to Strengthen Credit Access for 6.7+ Crore MSMEs
AI Summary
IndusInd Bank has signed an MoU with the National Small Industries Corporation (NSIC) to accelerate credit delivery and extend comprehensive financial support to over 6.7+ crore Udyam-registered Micro, Small and Medium Enterprises (MSMEs) across the country. The collaboration aims to empower these enterprises to secure timely credit, participate more effectively in larger markets, and scale operations sustainably.
Key Highlights
- IndusInd Bank and NSIC sign MoU to strengthen credit access for MSMEs.
- The collaboration aims to accelerate credit delivery and extend comprehensive financial support to over 6.7+ crore Udyam-registered MSMEs.
- IndusInd Bank will extend customized banking solutions to MSMEs associated with NSIC.
- The collaboration complements NSIC’s flagship initiatives such as the Credit Facilitation Scheme and the Single Point Registration Scheme.
- The MoU is part of IndusInd Bank’s larger mission to strengthen the MSME sector.