The Business Bytes
TBB BUREAU
NEW DELHI, JUNE 17, 2021
The Union Bank of India on Thursday entered into an agreement with the National Small Industries Corporation Ltd (NSIC) to support MSMEs with credit requirements.
The memorandum of understanding was signed by P K Das, FGM-Delhi on behalf of the Union Bank of India, and P R Kumar, CGM, NSIC, here today.
Under the arrangement, the MSME unit can approach directly to any of the NSIC branch offices which are also operating as Finance Facilitation Centre (FFC) and submit their request for loan requirement from the Union Bank of India.
The NSIC Branch will provide handholding support to the MSME unit by assisting them in completing all documentation as required for further submission to the Bank. No fee will be charged from the MSME unit for applying for loan under this NSIC Bank Credit Facilitation Scheme.
