Chennai, Dec 21(KNN) An On-line Finance Facilitation Centre, set up by the National Small Industries Corporation (NSIC) operating under the Ministry of Micro, Small and Medium Enterprises (MSME) was launched on Tuesday.

The On-line Finance Facilitation Centre would meet the credit requirements of MSMEs, Ravindra Nath, Chairman & Managing Director, NSIC, has said.

It would facilitate credit requirements of MSMEs which would be validated by NSIC officials and later submitted to banks for "speedy disposal" of credit. The portal 'www.nsicfffconline.in' is an initiative for digital facilitation of loan proposals of MSMEs with banks.

As part of launching the service to a wider audience, NSIC has signed pact with 32 public and private sector banks to provide credit facilities to MSMEs. (KNN/RAS)