In an effort to promote development of MSMEs in the country, NSIC has joined hands with Tamilnad Mercantile Bank (TMB) by signing a Memorandum of Understanding (MOU) in Chennai, on 19th December 2016. The MOU was signed by Shri Ravindra Nath, Chairman cum Managing Director, NSIC and Shri H.S Upendra Kamath, MD and CEO of Tamilnad Mercantile Bank (TMB). Tamilnad Mercantile Bank becomes the 32nd bank to enter into this MOU arrangement with NSIC taking forward joint initiatives to support MSMEs with their credit requirements.