Indian Bank inks MoU with SRM University-AP to lend up to 50 crores for start-ups
Indian Bank has collaborated with Hatchlab Research Centre, TBI of SRM University-AP to launch 'IND Spring Board', an initiative for financing start-ups and MSMEs. The bank will extend loans of up to Rs 50 crore to start-ups incubated at SRM Hatchlab for their working capital requirements or purchase of machinery and equipment. This collaboration is one of its kind in the state of Andhra Pradesh.
Udayan Bakshi C Jagan Mohan Rao Jaya Prakash Narayana Hatchlab Research Centre University Registrar Drr Premkumar Indian Bank
Source: devdiscourse.com