New Delhi, Aug 12 (KNN) National Small Industries Corporation (NSIC) and State Bank of India have signed a Memorandum of Understanding (MoU) to promote Credit facilitation for sustainable development of Micro Small and Medium Enterprises (MSMEs).

Under the partnership, the credit financing facility will be facilitated to MSMEs under bank credit facilitation scheme.

The MoU was signed by A.K Mishra, General Manager (BT/FFC), NSIC and Ved Prakash, Deputy General Manager of State Bank of India in the presence of Gaurang Dixit, Director (Finance) NSIC.

NSIC is an ISO 9001-2015 certified Government of India Enterprise under Ministry of Micro, Small and Medium Enterprises (MSME).

NSIC has been working to promote and foster the growth of micro, small and medium enterprises in the country. NSIC operates through countrywide network of offices and technical centres in the Country.

In addition, NSIC facilitates MSMEs with a set of specially tailored scheme to enhance their competitiveness. NSIC provides integrated support services under Marketing, Technology, Finance and other Support service.