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NSIC signs MoU with Bank of Baroda to support MSMEs

NSIC has signed a memorandum of understanding (MoU) with the Bank of Baroda to support MSMEs with their credit requirements
NSIC signs MoU with Bank of Baroda to support MSMEs
NSIC signs MoU with Bank of Baroda to support MSMEs

New Delhi: National Small Industries Corporation (NSIC) has entered into a memorandum of understanding (MoU) with the Bank of Baroda on Tuesday at New Delhi for building a long-term and strategic partnership with a commitment to support MSMEs with their credit requirements.

This MoU has been signed by NSIC’s Chief General Manager PR Kumar and Bank of Baroda’s General Manager Sammita Sachdev in the presence of NSIC’s Director (Finance) Gaurang Dixit. On the occasion, CM (Bank Tie Up) Himani Shali, NSIC Chief Manager Ragunath and Bank of Baroda’s AGM Vishal were also present.

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NSIC is a Miniratna PSU under the Ministry of Micro, Small and Medium Enterprises (MSME). It has been working to promote, aid and foster the growth of micro, small and medium enterprises in the country. NSIC operates through a countrywide network of offices and Technical Centres in the Country. In addition, NSIC has set up a Training cum Incubation Centre managed by professional manpower.

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