NSIC Ties up With Pvt. Bank For Financing SSI's

Small-scale industry regulator NSIC has for the first time roped in a private bank for providing easy credit to firms registered with NSIC as small scale industrial units.

According to a joint statement issued by NSIC and Yes Bank, National Small Industries Corporation will recommend proposals received from SSIs to the private Yes Bank, which in turn, will increase the credit outflow to the SME/SSI customers.

Those SSI units accredited under the NSIC's Performance & Credit Rating Scheme - will be able to get credit on concessional interest rates.