HDFC-NSIC pact to provide Credit Support to MSMEs

HDFC Bank on Tuesday said it has signed a pact with the National Small Industries Corporation (NSIC) for providing credit support to the micro, small and medium enterprise (MSME) sector. Under this, the country’s largest private sector bank will also provide MSMEs with a set of specially-tailored schemes to enhance their competitiveness. 

• Partnership with NSIC will help in boosting the MSME Sector growth which is the backbone of India in terms of economic development as well as job creation.
• Under this MoU, HDFC Bank will provide MSMEs a set of specially tailored schemes in order to enhance their competitiveness.
• HDFC Bank branches will also extend support to MSME projects in the areas they are located and other important industrial sectors in India.