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Rohit Rishi assumes charge as Executive Director of Bank of Maharashtra
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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 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.