CANARA bank and NSIC signed agreement for financing credit to MSME

OKHLA, India - June 25, 2013 - PRLog -- New Delhi- Recently, NSIC has signed a MOU agreement with CANARA bank for providing credit facility to MSME. After this agreement not only their credit rating scheme will become stronger, but they will also be counted amongst some of the well-known business portals. After this agreement they can provide more growth opportunities to their clients on a global level, especially to the companies who are looking for an opportunity to expand their business on the international level.

This agreement was signed by Sh. Ravindra Nath Director (Finance) of NSIC and Sh. K.S Chandramouli General Manager of CANARA BANK. People are considering it as a wonderful step towards development as every user of MSME is expecting it from a long time. This agreement is beneficial for every MSME user because of two main reasons:

Firstly, it will make export of products and projects much more safe and sound.

Secondly, it will strengthen the existing operations of small scale industries. In fact, now these industries will be to enhance their organizational strength. Moreover NSIC is operating its credit rating scheme through empanelled agencies like ICRA, ONICRA etc.

MSME is the official B2B Web portal of NSIC which guides small scale industries and enterprises and provide them equal growth opportunities. With more than 61 branches, it is one of the most competent departments of the country. Making schemes for assisting in the growth of small enterprises is the key role of MSME. Their schemes consist of marketing support, technology support and credit support. And now, after signing this agreement, their credit support will be much stronger.

To learn more, you can visit the site http://www.msmemart.com/