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Bureau for Facilitating MSMEs of Tamil Nadu (FaMe TN)
(A Section 8 company under MSME Department, Government of Tamil Nadu)
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Bank Credit Facilitation Scheme(NSIC)
Government of India, Ministry of MSME
National Small Industries Corporation

Bank Credit Facilitation Scheme(NSIC)

This scheme helps you connect with banks to fulfill credit needs, including working capital.

Objective
  • Facilitate and connect MSME units with banks to meet their credit and working capital needs.
Key Benefits
  • NSIC handles all documentation for submitting credit proposals to nationalized and private banks, free of cost.
  • Credit support includes fund-based and non-fund-based limits.
  • Term loans are provided for fixed asset acquisition, expansion, and modernization of MSMEs.
  • Working capital limits cover needs like cash credit, overdraft, and bill discounting.
  • Non-fund-based limits include guarantees, letters of credit, and foreign guarantees.
Eligibility Criteria
  • The applicant should be an existing or new MSME with a valid Udyam certificate.
How to Apply / Office To Contact
How to Apply / Office To Contact

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