IndusInd Bank & NSIC Signed MoU to Strengthen Credit Access for MSMEs

Current Context: On August 21, 2025, IndusInd Bank and the National Small Industries Corporation (NSIC) signed an MoU in New Delhi to enhance credit access for MSMEs.

• The collaboration aims to support over 6.7 crore Udyam-registered MSMEs with tailored financial products like working capital and term loans.
• It aligns with NSIC’s schemes such as the Credit Facilitation Scheme and Single Point Registration Scheme.
• The MoU was signed in the presence of Union MSME Minister Jitan Ram Manjhi and senior officials.
• IndusInd Bank will leverage its digital banking infrastructure to streamline loan disbursal and improve financial inclusion.
• This partnership is expected to boost MSMEs’ participation in government procurement and formal credit systems.

Question:

Q.1 IndusInd Bank recently signed a Memorandum of Understanding (MoU) with which organization on August 21, 2025, to enhance credit access for Micro, Small and Medium Enterprises (MSMEs)?
a) Small Industries Development Bank of India (SIDBI)
b) National Bank for Agriculture and Rural Development (NABARD)
c) National Small Industries Corporation (NSIC)
d) Indian Bank

Answer: c) On August 21, 2025, IndusInd Bank and the National Small Industries Corporation (NSIC) signed an MoU in New Delhi to enhance credit access for MSMEs.