IndusInd Bank Inks MoU with NSIC to Strengthen MSME Credit Access

In a move aimed at empowering India’s vast base of Micro, Small and Medium Enterprises (MSMEs), IndusInd Bank has signed an MoU with the National Small Industries Corporation (NSIC), a Government of India enterprise under the Ministry of MSME. This strategic partnership is designed to accelerate credit delivery and broaden financial inclusion, benefitting millions of registered enterprises nationwide.

Strengthening Credit Support for MSMEs

The MoU was signed in New Delhi in the presence of key dignitaries, including Shri Jitan Ram Manjhi, Union Cabinet Minister of Micro, Small and Medium Enterprises, Shri S.C.L. Das, IAS, Secretary of the Ministry of MSME,and  Smt. Mercy Epao, Joint Secretary, Dr. Subhransu Sekhar Acharya, Chairman & Managing Director of NSIC, along with senior officials of NSIC.

Through this agreement, IndusInd Bank will offer MSMEs tailored banking solutions such as working capital loans, term loans, and structured credit facilities. These offerings are aligned with NSIC’s flagship programs, including the Credit Facilitation Scheme and Single Point Registration Scheme, both of which aim to ease access to formal credit and enhance participation in government procurement.

Driving Inclusive Growth Through Strategic Collaboration

The partnership reinforces IndusInd Bank’s larger mission of bridging credit gaps in the MSME sector by leveraging NSIC’s trusted ecosystem along with the bank’s financial expertise and digital strength. By ensuring that MSMEs gain timely credit and improved market access, the initiative supports the Government of India’s vision of fostering self-reliance and inclusive economic development.

Read More: IndusInd Bank Q1FY26 Results: Balance Sheet Grew, While Asset Quality Dented!

IndusInd Bank Share Price Performance 

As of August 21, 2025, at 2:23 PM, IndusInd Bank share price is trading at ₹770per share, reflecting a decline of 1.05% from the previous closing price.

Conclusion

This collaboration between IndusInd Bank and NSIC represents a significant step towards fortifying the MSME sector. By aligning financial resources with government-backed initiatives, the partnership seeks to empower millions of small enterprises to scale sustainably, contributing to India’s long-term economic resilience.

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