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NSIC Signs MoUs with Five Private Banks for MSME Credit

19 August 20251 min read
BANKING & FINANCENSIC Signs MoUswith Five PrivateBanks for MSMECredit19 August 2025safalsetu.com

Why in the news

The National Small Industries Corporation tied up with private lenders to make MSME credit more available, accessible and affordable.

Key facts

  • Signatory: NSIC; date: 11 August 2025.
  • Programme: MSME Credit Facilitation Program.
  • Aim: expand bank reach to deserving micro and small units.
Related schemeKey points
CGTMSECollateral-free loans up to ₹5 crore; guarantee 75-85%
PMEGPSubsidy 15-35% of project cost for new micro-enterprises; run by KVIC
PM MUDRA YojanaUp to ₹10 lakh: Shishu to ₹50,000; Kishore ₹50,000-₹5 lakh; Tarun ₹5-₹10 lakh
SRI Fund₹50,000 crore equity infusion for MSMEs

Exam angle

  • MoU programme: MSME Credit Facilitation Program.
  • PMEGP implementer: KVIC.
  • MUDRA category limits.

Test yourself

1. NSIC's August 2025 MoUs with banks were signed under which programme?

The MoUs came under the MSME Credit Facilitation Program.

2. Which agency implements the PMEGP subsidy scheme?

PMEGP is implemented by the Khadi and Village Industries Commission.

3. Under MUDRA, the Kishore category covers loans of what range?

Kishore is ₹50,000 to ₹5 lakh.