IndusInd Bank Signs MoU with NSIC to Support MSMEs

22 Aug 2025 CW Team

IndusInd Bank has signed a Memorandum of Understanding (MoU) with the National Small Industries Corporation (NSIC), a Government of India enterprise under the Ministry of MSME, to strengthen financial access for micro, small and medium enterprises across the country.

The strategic collaboration aims to accelerate credit delivery and extend comprehensive financial support to over 67 million Udyam-registered MSMEs. The MoU was signed in New Delhi in the presence of Union MSME Minister Jitan Ram Manjhi, Secretary S.C.L. Das, Joint Secretary Mercy Epao, NSIC CMD Dr. Subhransu Sekhar Acharya, Director of Finance Gaurav Gulati, and senior NSIC officials.

Through the partnership, IndusInd Bank will provide customised financial solutions to MSMEs associated with NSIC, including working capital, term loans, and structured credit facilities. These offerings will complement NSIC’s flagship programmes such as the Credit Facilitation Scheme and the Single Point Registration Scheme, which improve access to finance and give MSMEs preferential treatment in government procurement.

By combining NSIC’s trusted ecosystem with IndusInd Bank’s financial expertise and digital capabilities, the collaboration seeks to bridge credit gaps, enable MSMEs to participate more effectively in larger markets, and support the government’s vision of self-reliance and inclusive economic progress.

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