New Delhi: The National Small Industries Corporation (NSIC) has signed a Memorandum of Understanding (MoU) with TransUnion CIBIL on 16 June 2026 to strengthen India’s MSME ecosystem.
The partnership aims to enhance credit awareness, financial discipline, and access to formal credit through structured capacity-building programs and data-driven financial insights.
Leadership Presence at the Signing Ceremony
The MoU was signed in the presence of senior officials from both organisations, including:
- Dr. S.S. Acharya, CMD, NSIC
- Mr. Gaurav Gulati, Director Finance, NSIC
- Mr. Manoj Kumar Singh, Senior General Manager, NSIC
- Mr. Nikhil Rajadhyaksha, Chief Revenue Officer, TransUnion CIBIL
The agreement was formally executed by senior representatives from both sides, marking a key step in strengthening MSME financial infrastructure in India.
Key Objectives of the NSIC–CIBIL Partnership
The collaboration focuses on improving financial literacy and strengthening credit systems for Micro, Small and Medium Enterprises (MSMEs). The key objectives include:
- Capacity-building programs for MSME entrepreneurs
- Credit education and awareness initiatives
- Development of joint sectoral insight reports
- Campaigns to improve financial literacy and responsible credit behavior
- Guidance on credit profiling and risk management
Strengthening MSME Access to Formal Credit
The initiative is expected to help MSMEs better understand credit systems and improve their eligibility for institutional financing.
By encouraging responsible financial practices and improving credit transparency, the partnership aims to:
- Bridge the MSME credit gap
- Improve access to formal loans
- Enable better borrowing terms for small businesses
- Support sustainable business growth and expansion
The MoU also includes plans for deeper sectoral analysis to identify challenges in MSME financing and propose actionable solutions for stakeholders.
Strategic Importance for India’s MSME Sector
This collaboration aligns with India’s broader economic goal of strengthening the MSME sector, which is a major contributor to employment generation and industrial growth.
Improved credit literacy, better data insights, and stronger financial discipline are expected to enhance long-term business sustainability and boost entrepreneurship across the country.
About NSIC
National Small Industries Corporation (NSIC) is a Government of India enterprise under the Ministry of Micro, Small and Medium Enterprises. It works to promote, support, and foster the growth of MSMEs by providing financial facilitation, marketing support, technology assistance, and capacity-building services across the country.
Read also: Explained: How NSIC Schemes Are Empowering 1446 SC/ST MSMEs in Andhra Pradesh
