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NSIC supports SMEs through a range of services like credit support, marketing assistance, technology access, and skill development. By embracing digital transformation, NSIC simplifies processes like online registration for government tenders, e-marketing, virtual trade fairs, and financial support, helping SMEs expand their reach and improve operational efficiency.

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RBI guidelines for restructuring of MSME advances was published on January 1, 2019, to help MSMEs struggling with finances and profits during COVID-19 pay off their business loans by modifying the repayment terms of the loan. This helped banks reduce the number of NPAs in their books of accounts.

Aug 17, 2023
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