Continuing its robust efforts to support MSMEs, HDFC Bank, India’s largest private-sector bank, has signed a Memorandum of Understanding (MoU) with National Small Industries Corporation (NSIC) to offer credit support to MSMEs across the country.
As part of this collaboration, HDFC Bank will provide MSMEs with set of specially
tailored schemes to enhance their competitiveness. Under thisfinancing arrangementHDFC Bank branches willextend support to MSMEprojects in the
areas they are located or other important industrial sectors across the country.
The MoU was signed by Shri Gaurang Dixit, Director of Finance,NSICand Mr.
Akhilesh Kumar Roy, National Head – Sales Excellence and Transformation,
HDFC Bank at NSIC office, Okhla, New Delhi. The event was digitally attended by
Mr. Rahul Shukla,Group Head – Commercial and Rural Banking, HDFC Bank who
addressed the Zonal offices of NSIC and assured all support in strengthening the
MSME ecosystem in the country.
Mr. Rahul Shukla, Group Head – Commercial and Rural Banking, HDFC Bank
said, “As a bank we are happy to be part of this big initiative to reboot and give
required fillip to the economy. We believe this partnership with NSIC will help
expedite the MSME Sector growth which is the backbone of the country both in
terms of economic development and job creation.”