Indian Bank signs MoU with IISc initiative to fund start-ups, MSMEs ...Middle East

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Indian Bank signs MoU with IISc initiative to fund start-ups, MSMEs
source : Business Standard ( Middle East ) () 20
State-owned Indian Bank on Friday said it has entered into an MOU with Society for Innovation and Development (SID), an initiative of Indian Institute of Science, for extending exclusive credit facility to Start-ups and MSMEs. This initiative is a part of the Banks scheme Ind Spring Board for financing Start-ups and will empower Start-ups and MSMEs to realise their research efforts powered by financial support from the Bank and backed by incubation facilities offered by SID, it said in a release. The Bank will extend loans of up to Rs 50 crore to these start-ups for their working capital requirements or for purchase of machinery, equipment etc, it added. Stating that SID is the fore

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