About this programme
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.
How it works
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.
Who can apply
Any MSME unit seeking bank credit or an account switch-over. No specific age, turnover, or sector restrictions stated.
How to apply
- 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
Documents you’ll typically need
- Business registration / incorporation certificate
- PAN (and GST registration, where applicable)
- Identity and address proof for the applicant / directors
- A short description of your business or project
- Recent financials or a simple project report
The exact checklist depends on the programme and your specifics.
Frequently asked
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.
Reviewed July 2026. 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.