Coimbatore, August 26: Reinforcing its commitment to expanding its MSME outreach, 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. Through this strategic collaboration, the Bank will work towards accelerating credit delivery and extending comprehensive financial support to over 6.7+ crore Udyam-registered Micro, Small and Medium Enterprises (MSMEs) across the country.

The MoU was signed in New Delhi, in presence of the esteemed dignitaries – Shri Jitan Ram Manjhi, Union Cabinet Minister of Micro, Small and Medium Enterprises in the Govt. of India, Shri S.C.L. Das, IAS, Secretary-Ministry of MSME, Govt. of India, Smt. Mercy Epao, Joint Secretary in the Ministry of Micro, Small & Medium Enterprises in the Govt. of India, Dr. Subhransu Sekhar Acharya, Chairman & Managing Director, The National Small Industries Corporation Ltd. (NSIC),. Gaurav Gulati, Director of Finance, NSIC, and V. Raghunath, EO to CMD, DGM Finance, NSIC.

IndusInd Bank will extend customized banking solutions to MSMEs associated with NSIC, including working capital, term loans, and structured credit facilities. The collaboration complements NSIC’s flagship initiatives such as the Credit Facilitation Scheme and the Single Point Registration Scheme, which enables the MSMEs to access bank finance more efficiently and benefit from preferred treatment in government procurement. These combined efforts will empower these enterprises to secure timely credit, participate more effectively in larger markets, and scale operations sustainably.

This MoU is part of IndusInd Bank’s larger mission to strengthen the MSME sector by combining NSIC’s trusted ecosystem with the Bank’s financial expertise and digital capabilities, thus bridging credit gaps, and contributing to the Government of India’s vision of fostering self-reliance and inclusive economic progress.