IndusInd Bank has signed a Memorandum of Understanding (MoU) with the National Small Industries Corporation (NSIC), a Government of India enterprise, to expand its outreach to Micro, Small and Medium Enterprises (MSMEs). The agreement, signed on August 26, 2025, 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 the presence of several dignitaries, including the Union Cabinet Minister of Micro, Small and Medium Enterprises, Jitan Ram Manjhi.
Through this collaboration, IndusInd Bank will offer customized banking solutions to MSMEs associated with NSIC, including working capital, term loans, and structured credit facilities. This partnership complements NSIC’s initiatives, such as the Credit Facilitation Scheme and the Single Point Registration Scheme, which enable MSMEs to access bank finance more efficiently and benefit from preferred treatment in government procurement.
The combined efforts of IndusInd Bank and NSIC will empower MSMEs 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. The goal is to bridge credit gaps and contribute to the Government of India’s vision of fostering self-reliance and inclusive economic progress.
By partnering with NSIC, IndusInd Bank aims to make a significant impact on the MSME sector, which is a crucial contributor to the country’s economy. The Bank’s customized banking solutions and digital capabilities will help MSMEs overcome financial hurdles and achieve their growth aspirations. The collaboration is expected to have a positive impact on the MSME sector, enabling these enterprises to play a more significant role in the country’s economic development. Overall, the MoU between IndusInd Bank and NSIC is a significant step towards supporting the growth and development of MSMEs in India.