In order to facilitate more credit to the Micro, Small and Medium Enterprises (MSMEs), the National Small and Medium Enterprise (NSIC) has sign a Memorandum of Understanding (MoU) with ICICI Bank, a leading bank of country.
"This initiative will provide more credit facilities and enhance the sustainable development of MSMEs," informed the NSIC official.
The MOU was signed by Ravindra Nath Director(Finance) of NSIC and Bhavesh Gupta (Group Head-Self Employed Segment) of ICICI Bank, recently.
According to NSIC release, this agreement will make it possible for two organizations to share their strengths in offering MSMEs the best reliable solutions to meet their credit requirements.
On this occasion Director (Finance) of NSIC proudly endorsed that this agreement is a value added tool that will enable us to create stronger links with MSMEs for meeting their diverse credit requirements, it added.