Central Bank of India has entered into the Memorandum of Understanding (MOU) with National Small Industries Corporation (NSIC), a Government of India enterprise, on November 01, 2021 for extending loans to MSME sector. This MOU will facilitate MSMEs in accessing credit support from Banks.
The MOU will bring combined synergies of NSIC and Central Bank of India through the multi-dimensional services provided by NSIC apart from Credit facilitation, like raw material assistance, intermediary services, Procurement Marketing Support, Skill development and services and the MSME friendly loan products of the Bank for all working capital limits, term loans, non-fund based limits, packing credit and bills discounting to assist MSMEs through their entire life cycle.
Central Bank of India is a commercial bank. The bank’s segments include Treasury Operations, Corporate/Wholesale Banking, Retail Banking and other Banking business.
