A MoU was signed between NSIC and TU CIBIL in the presence of 𝗗𝗿 𝗦 𝗦 𝗔𝗰𝗵𝗮𝗿𝘆𝗮, CMD, NSIC, 𝗚𝗮𝘂𝗿𝗮𝘃 𝗚𝘂𝗹𝗮𝘁𝗶, Director (Finance), NSIC, and other senior officials from both the organizations. The MoU was signed by 𝗠𝗮𝗻𝗼𝗷 𝗞𝘂𝗺𝗮𝗿 𝗦𝗶𝗻𝗴𝗵, Sr. General Manager, NSIC, and 𝗡𝗶𝗸𝗵𝗶𝗹 𝗥𝗮𝗷𝗮𝗱𝗵𝘆𝗮𝗸𝘀𝗵𝗮, Chief Revenue Officer, TU CIBIL.

The MoU aims to strengthen the MSME ecosystem through capacity-building initiatives, credit education programs , development of joint insights reports, and awareness campaigns. The collaboration seeks to inculcate better financial discipline among MSMEs, enabling them to improve their credit profile and access formal credit at competitive terms in order to make best use of available opportunities. The MoU also envisages to deep dive into various sectors and suggests way forward for the stakeholders.