NSIC signed MOU with Allahabad Bank on 15.09.2012 at Kolkata. Under this joint initiative, NSIC aims to facilitate MSMEs for availing seamless credit flow from the Bank. This service is provided by NSIC without any charge from MSMEs. The MOU was signed by Sh. Ravindra Nath Director (Finance) of NSIC and Sh. B.K Srivastava (General Manager) of Allahabad Bank.