NSIC signed MOU with Indian Bank on 21.09.2012 at Chennai. Under this initiative, NSIC aims to facilitate MSMEs for availing seamless credit flow from the Bank. This service is provided by NSIC without any charge from MSMEs. The MOU was signed by Sh. Ravindra Nath Director (Finance) of NSIC and Sh. P. Arivanandam (General Manager) of Indian Bank.