Bank of Baroda and NSIC will strengthen MSME financing support
FinTech BizNews Service
Mumbai, 18 October 2025: Bank of Baroda, one of India’s leading public sector banks, has partnered with National Small Industries Corporation (NSIC), to facilitate seamless credit availability for MSMEs, driving inclusive growth and strengthening India’s economic backbone. The partnership aims to make credit more accessible, affordable and inclusive for small businesses across India.
The MoU was signed by Mr. Dhrubashish Bhattacharya, Head-MSME Banking & Co-lending, Bank of Baroda and Dr. Subhransu Sekhar Acharya, Chairman-cum-Managing Director, NSIC at The MSME Marketing Conclave organised by National Small Industries Corporation (NSIC), Bengaluru on October 10, 2025.
The signing ceremony was attended by Sushri Shobha Karandlaje, Hon’ble Minister of State for MSME, along with Shri Ateesh Kumar Singh, Joint Secretary-AFI, Ministry of MSME and Shri Ninganna S. Biradar, Vice-President, Karnataka Small Scale Industries Corporation (KASSIA).
The MSME sector is the second highest contributor to the country’s economy, accounting for 30.1% of India’s GDP. Recognising this vital economic role, Bank of Baroda’s partnership with National Small Industries Corporation (NSIC), aims to streamline loan delivery, enabling MSMEs to access timely financing for working capital, capacity expansion, and technology upgradation. With the bank’s extensive nationwide network and a range of MSME-focused products under its umbrella, this partnership is expected to help thousands of small enterprises, especially those in Tier 2 and Tier 3 cities, obtain financing support.
The signing of this MoU marks a meaningful advancement in supporting India’s MSME sector to create a more resilient and self-reliant industrial base. It reflects the shared commitment of Bank of Baroda and National Small Industries Corporation to drive inclusive economic growth and promote business practices in line with the country’s vision of Viksit Bharat.
