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IndusInd Bank & NSIC Signed MoU to Strengthen Credit Access for MSMEs

Banking & Finance | Dated: 26 Aug 2025

In August 2025, IndusInd Bank Limited signed a Memorandum of Understanding (MoU) with the National Small Industries Corporation (NSIC), a Mini Ratna under the Ministry of Micro, Small and Medium Enterprises (MoMSME), to enhance and expand credit access for MSMEs across India.

🎯 Key Highlights:

  • - The MoU was signed in the presence of key dignitaries including Union Minister Jitan Ram Manjhi (MoMSME), Subhas Chandra Lal Das, Secretary, MoMSME, Mercy Epao, Joint Secretary, MoMSME, and Dr. Subhransu Sekhar Acharya, Chairman and Managing Director (CMD) of NSIC. Their participation highlighted the government’s focus on empowering MSMEs with structured financial solutions.
  • - The objective of the collaboration is to accelerate institutional credit delivery and provide comprehensive financial as well as digital solutions to more than 6.7 crore Udyam-registered MSMEs.
  • - By leveraging NSIC’s established ecosystem and IndusInd Bank’s strong financial base, the partnership aims to bridge the financing gap faced by small and medium enterprises.

💡 Other Important Facts:

  • (i) IndusInd Bank will offer customized banking products under this MoU, which include working capital loans, term loans, structured credit facilities, and trade finance solutions. These offerings are designed to strengthen liquidity and ensure that MSMEs can meet their operational as well as expansion needs effectively.
  • (ii) The partnership also supports flagship schemes of NSIC such as the Credit Facilitation Scheme (CFS), which allows MSMEs to access institutional finance, and the Single Point Registration Scheme (SPRS), which ensures preference in government procurement.
  • (iii) This alignment is expected to boost competitiveness, market access, and long-term growth opportunities for MSMEs across India.

📚 Test Your Knowledge:

In August 2025, IndusInd Bank signed an MoU with which organization to enhance credit access for MSMEs?

Correct Answer: NSIC

🚀 Quick Recap: