On 13 June 2013, NSIC and Canara Bank signed a MOU agreement to promote Credit facilitation for sustainable development of MSMEs.The agreement not only aims at facilitating credit for MSMEs but also encourages them for being rated under Performance and Credit Rating Scheme so as to prepare them for meeting emerging global challenges. The MOU was signed by Sh. Ravindra Nath Director (Finance) of NSIC and Sh. K.S Chandramouli General Manager of CANARA BANK.