NSIC entered into MOU agreement with State Bank of India on 8th July 2013 to promote and facilitate credit flow for sustainable development of MSMEs. This joint initiative aims at developing and strengthening of framework to support Micro, Small and Medium Enterprise with loan financing so as to prepare them for meeting emerging global challenges. The MOU was signed by Sh. Ravindra Nath Director (Finance) of NSIC and Sh. Bipin Kumar Bhardwaj Deputy General Manager of State Bank of India.