To help Micro Small and Medium Enterprises (MSMEs) avail bank loans easier and quicker, the National Small Industries Corporation (NSIC) has opened its first online finance facilitation centre in Jaipur, Rajasthan.
The new centre is among six similar NSIC facilities in the country aimed at increasing procedural easiness and expediting the process for loan disbursal to MSMEs.
The Jaipur centre will validate loan proposals and submit them online to banks selected by MSME units. “The online finance facilitation centre is aimed at increasing procedural easiness, expediting the process for loan disbursal and enhancing the efficiency of banks as the applications will be tracked online,” said Ravindra Nath, Chairman and Managing Director of NSIC.
NSIC has signed MoUs with 31 banks and most of them have agreed to have online linkage with NSIC’s finance facilitation web portal.
The portal — www.nsicffconline.in — will also provide detailed information about MSME schemes offered by the banks and financial institutions. NSIC is also planning to open two more centres in Ahmedabad and mumbai next month.