Bank Credit Facilitation Scheme is a subsidy from NSIC (National Small Industries Corporation) for any MSME unit seeking bank credit or an account switch-over. It provides Free facilitation of bank credit (fund & non-fund based) for MSMEs, for all MSMEs. Applications are open on a rolling basis.
Key facts
| Amount / benefit | Free facilitation of bank credit (fund & non-fund based) for MSMEs |
|---|---|
| Provider | NSIC (National Small Industries Corporation) |
| Where | Pan-India |
| Sector | All MSMEs |
| Deadline | Rolling / always open |
| Partner Banks | 16 partner banks including SBI, HDFC, ICICI, Axis Bank, Kotak Mahindra |
| Cost to MSME | Free handholding and documentation support |
What is Bank Credit Facilitation Scheme?
NSIC ties up with nationalized and private-sector banks to arrange fund-based and non-fund-based credit for MSMEs. The scheme provides free handholding and documentation support to help MSMEs complete bank requirements, and NSIC follows up with banks on behalf of the applicant at no cost. It is run by NSIC (National Small Industries Corporation).
This is credit — repayable finance, usually on more concessional terms than a regular commercial loan. The amount and form of support that actually apply to you depend on the programme’s rules and how your application is assessed — they are not fixed for every applicant.
It is aimed at businesses in all msmes. Like most government programmes, it has its own eligibility conditions, documentation and application window, and these terms are revised from time to time. Because of that, it is worth confirming the current eligibility, amount and deadline on the official programme page before you invest time in applying.
Who is eligible for Bank Credit Facilitation Scheme?
Any MSME unit seeking bank credit or an account switch-over. No specific age, turnover, or sector restrictions stated.
How much does Bank Credit Facilitation Scheme give, and in what form?
Free facilitation of bank credit (fund & non-fund based) for MSMEs, as free facilitation of bank credit (fund & non-fund based) for MSMEs.
MSMEs approach the nearest NSIC branch with their loan requirements. NSIC provides free handholding support by assisting with documentation completion. NSIC then submits the proposal to partner banks and tracks the application status. All support is provided at no cost to MSMEs.
How to apply for Bank Credit Facilitation Scheme
- Visit nearest NSIC branch with loan requirement details
- Complete loan application form with NSIC assistance
- Submit required documentation with NSIC support
- NSIC submits proposal to partner bank
- NSIC tracks application status with the bank
Frequently asked questions
What is the advantage of using NSIC's Bank Credit Facilitation Scheme?
NSIC provides free handholding support to complete bank documentation and follows up with banks on behalf of the MSME at no cost.
Can an MSME switch banks through this scheme?
Yes, MSMEs can apply for new accounts or switch between partner banks through this scheme.
Related programmes
Browse similar subsidy programmes. CapEasy handles this under MSME / Udyam registration.
Source and verification
Official programme page: nsic.co.in. Verification date pending. Government programmes change — confirm current eligibility, amounts and deadlines on the official programme page before you apply. CapEasy is a private consultancy and is not affiliated with any government authority.