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IndusInd Bank and NSIC MoU to Lift MSME Lending

25 August 20251 min read
BANKING & FINANCEIndusInd Bank andNSIC MoU to LiftMSME Lending25 August 2025safalsetu.com

Why in the news

IndusInd Bank partnered with NSIC, a Government of India enterprise under the Ministry of MSME, to widen small business finance.

Key facts

  • Offerings for NSIC-associated MSMEs: customised banking, working capital, term loans and structured credit.
  • Aim: quicker credit, business expansion and financial inclusion.

About IndusInd Bank

  • Private sector bank with microfinance, personal, commercial vehicle and SME loans and credit cards.

Exam angle

  • NSIC sits under the Ministry of MSME.

Test yourself

1. With which organisation did IndusInd Bank sign an MoU to boost MSME credit?

The MoU was with the National Small Industries Corporation (NSIC).

2. Under which ministry does NSIC function?

NSIC is a Government of India enterprise under the Ministry of MSME.

3. Which group promotes IndusInd Bank?

The promoter is the Hinduja Group.

This topic is part of Daily Current Affairs 24 & 25 August 2025 (16 topics).

All topics of the dayDay quizAugust 2025

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