NSIC launches On-Line Finance Facilitation Centre

: An On-line Finance Facilitation Centre, set up by the National Small Industries Corporation operating under the Ministry of Micro, Small and Medium Enterprises was launched by a top official here, today.
In line with the Centre's Digital India initiative, the On-line Finance Facilitation Centre would meet the credit requirements of MSMEs, NSIC Chairman and Managing Director, Ravindra Nath said in a press release.
The portal 'www.Nsicfffconline.In' is an initiative for digital facilitation of loan proposals of MSMEs with banks.
It would facilitate credit requirements of MSMEs which would be validated by NSIC officials and later submitted to banks for "speedy disposal" of credit.

As part of launching the service to a wider audience, NSIC has signed with 32 public and private sector banks to provide credit facilities to MSMEs, it added.