NSIC has entered into MOU with Federal Bank on 08.10.2011 for facilitating credit to MSME . The MOU has been signed by Sh. Ravindra Nath Director(Finance) of NSIC and Sh. P.C John Executive Director of Federal Bank. With this strategic alliance Federal bank becomes the 16th bank empanelled with NSIC under its Bank Credit Facilitation Scheme. NSIC through tie up arrangement with various commercial banks has been facilitating MSMEs in meeting their credit requirements.