NSIC's Credit Support Schemes

The National Small Industries Corporation (NSIC) offers Credit Support Schemes to assist small and medium enterprises (SMEs) in obtaining financing. These schemes help businesses secure loans or credits from banks or financial institutions by providing guarantees or collateral support. Essentially, NSIC acts as a backup partner, giving lenders confidence to extend credit to SMEs who might lack sufficient security or credit history. This prevents funding gaps, encourages entrepreneurship, and promotes the growth of small industries by making financing more accessible and affordable.