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(MENAFN - KNN India) Indian Bank partners with SID for extending credit facility to startups & MSMEs New Delhi, Feb 20 (KNN) Indian Bank has entered into Mutual of Understanding (MoU) with Society for Innovation and Development (SID) for extending exclusive credit facility to start-ups and MSMEs. As per the MoU, SID will identify the start-ups and MSMEs based on their credentials and past experience and will refer to the list of such members who require financial assistance to the Bank. The initiative is a part of the bank's scheme 'Ind Spring Board for financing Start-ups and will empowe...

February 19, 2021 SID will identify the start-ups and MSMEs and will refer them to the bank Indian Bank has entered into an MoU with Society for Innovation and Development (SID), an initiative of Indian Institute of Science, Bengaluru, for extending exclusive credit facility to start-ups and MSMEs. SID is the forerunner in setting up joint R&D with industries and supporting start-up incubation and it provides support to the MSME sector by providing joint research and development arrangements, technical and financial support for incubation, acceleration of high-end technology products under i...