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 enhance credit access for Micro, Small, and Medium Enterprises (MSMEs).

The partnership aims to accelerate credit delivery and provide comprehensive financial support to over 6.7 crore Udyam-registered MSMEs across the country.

The MoU was signed in New Delhi in the presence of Union MSME Minister Shri Jitan Ram Manjhi, Secretary of MSME Shri S.C.L. Das, Joint Secretary Smt. Mercy Epao, NSIC CMD Dr. Subhransu Sekhar Acharya, NSIC Director of Finance Mr. Gaurav Gulati, and other senior officials.

Under the agreement, IndusInd Bank will offer customized financial solutions to MSMEs associated with NSIC, including working capital, term loans, and structured credit facilities. This collaboration will also support NSIC’s key initiatives such as the Credit Facilitation Scheme and the Single Point Registration Scheme, helping MSMEs access finance more easily and gain advantages in government procurement.

By combining NSIC’s established ecosystem with IndusInd Bank’s financial expertise and digital capabilities, the partnership seeks to bridge credit gaps, empower MSMEs to scale operations, and contribute to the Government’s vision of fostering self-reliance and inclusive economic growth.