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National Small Industries Corporation Ltd.
(A Government of India Enterprise)
A Miniratna - Category -1, Public Sector Enterprise
Ministry of Micro, Small & Medium Enterprises – Government of India
Government of India
Ministry of MSME

Credit Facilitation Through Bank

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To meet the credit requirements of MSME units, NSIC has entered into a Memorandum of Understanding with various Nationalized and Private Sector Banks. Through syndication with banks, NSIC facilitates credit support to MSMEs (fund based or non-fund based limits) from these banks. Any MSME Unit can approach directly to any of our nearest branch office and submit their request application for loan requirement.

The NSIC official at the branch provides hand-holding support to the MSME unit by assisting them in completion of all documents required by the bank. NSIC also does the follow-up with these banks. This handholding support is provided by NSIC without any cost to the MSMEs.

Salient Features

  1. Facilitates credit to MSMEs by having an integrated mix of various public and private sector banks.
  2. Provides an option for MSMEs to apply for a new bank or switch over of an account to a different bank as given under tie-up arrangements.
  3. Helps MSMEs in completing documentation as required by the bank and does follow-up with the bank.
  4. To facilitate larger number of MSMEs who are desirous of availing credit.
  5. To provide handholding support to MSMEs without any cost to MSMEs.

To download loan application forms from the banks under this scheme, the website addresses of the banks are given below:

Name of the Bank Website
Yes Bankwww.yesbank.in
IndusInd Bank Ltd.www.indusind.com
Federal Bankwww.federalbank.co.in
Kotak Mahindra Bankwww.kotak.com
ICICI Bankwww.icicibank.com
AU Small Finance Bankwww.aubank.in
Bank of Maharashtrawww.bankofmaharashtra.in
Bank of Barodawww.bankofbaroda.in
Axis Bankwww.axisbank.com
State Bank of Indiawww.sbi.co.in
Central Bank of Indiawww.centralbankofindia.co.in
Canara Bankwww.canarabank.in
Union Bank of Indiawww.unionbankofindia.co.in
HDFC Bankwww.hdfcbank.com
Karnataka Bankkarnatakabank.com
Utkarsh Small Finance Bankwww.utkarsh.bank
Punjab National Bankwww.pnbindia.in
IDBI Bankwww.idbibank.in

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Last Updated: 16 December 2022 Show Your Interest