Categories: Agreements

HDFC Bank partners with NSIC to provide credit support to MSMEs

HDFC Bank has signed a memorandum of understanding (MoU) with the National Small Industries Corporation (NSIC) for providing credit support to the micro, small and medium enterprise (MSME) sector. The branches of HDFC bank will extend support to the MSME projects in the areas they are located in and to other important industrial sectors across the country. Under this, the country’s largest private sector bank will also provide MSMEs with a set of specially-tailored schemes to enhance their competitiveness.

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About the National Small Industries Corporation:

National Small Industries Corporation (NSIC), is an ISO 9001:2015 certified Government of India Enterprise under the Ministry of Micro, Small and Medium Enterprises (MSME).

Important takeaways for all competitive exams:

- Headquarters of HDFC Bank: Mumbai, Maharashtra;
- MD and CEO of HDFC Bank: Sashidhar Jagdishan;
- The tagline of HDFC Bank: We understand your world.

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Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.