NSIC has been making sustained endeavors for catering to the financial needs of MSMEs by making tie ups with various banks. This initiative has been extended with NSIC entering into MOU with SYNDICATE BANK on 10.06.2013. This makes SYNDICATE BANK the 22nd commercial bank to enter into this unique tie up arrangement . Under this MOU arrangement collaborative efforts would be undertaken to extend timely and affordable credit to MSMEs. The MOU was signed by Sh. Ravindra Nath Director (Finance) of NSIC and Sh. S.K. Thakkar General Manager of SYNDICATE BANK.