Bank Credit Facilitation Scheme

Topics: Banks of India, Government-owned banks in India, Debt Pages: 2 (379 words) Published: May 28, 2013

    To meet the credit requirements of MSME units NSIC has entered into a Memorandum of Understanding with various Nationalized and Private  Sector Banks .   Through syndication  with these banks, NSIC arranges for credit support (fund or non fund based limits) from banks without any cost to MSMEs.     Furthermore the MSMEs  can  upgrade their competence in terms of business and technologies by getting rated through independent, renowned and professional rating agencies empanelled with NSIC. The empanelled rating agencies are CRISIL,ONICRA,SMERA-D&B,CARE, India Ratings,BRICKWORK and ICRA. The MSE’s which get rated under NSIC-Performance and Credit Rating Scheme not only has a liberty to get rated from  any one of rating agencies of its preference but it also  invariably increases their creditability in business and  help them in getting timely credit from banks at liberal  rates of interest.    All documentations pertaining to completion and submission of a credit proposal to banks shall be undertaken by NSIC thereby saving cost and time to MSME.    To send in  your  loan enquiries , please contact at the below given addresses :, To download loan application forms from the banks under BANK CREDIT FACILITATION SCHEME the website address of the banks are given:- S.No.| Name of the Bank |  website.| 1| Axis Bank ||

2.| Bank of Maharashtra ||
3.| Central Bank of India || 4.| China Trust Bank ||
5.| HSBC ||
6.| Oriental Bank of  Commerce ||
7.| State Bank of  Hyderabad ||
8.| UCO Bank ||
9.| Bank of India  ||
10.| United Bank of India ||
11.| Bank of Baroda ||
12.| Yes Bank ||
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