To support the Medium and small enterprises one of the leading banks of the country ICICI bank contracted with national small and medium enterprise (NSIC). The bank signed the memorandum with NSIC to provide with more credit facilities and enhance the sustainable development of small and medium enterprises (MSMEs).
The main purpose of the bank to take this measure is to facilitate the MSME with premium banking facilities. It has been reported that under this initiative according to the guidelines bank will provide MSME with credit and customized banking provisions.
MR Bhavesh Gupta, Head – Self Employed Segment, ICICI Bank and Mr. Ravindra Nath, Director (Finance), NSIC signed the memorandum. With this initiative the bank is planning to develop and make MSMEs ready to face the upcoming global challenges.