Indian Bank signed MOU with Society for Innovation and Entrepreneurship

Indian Bank recently signed a MoU with Society for Innovation and Entrepreneurship (SINE) for extending exclusive credit facility to Start-ups and MSMEs.

Daily Current Affairs Quiz 2021

SINE, IIT, Bombay is the forerunner in setting up joint R&D with industries and supporting start-up incubation.

SINE, IIT, Bombay provides support to the MSME sector by providing joint research and development arrangements and technical and financial support for incubation and acceleration of high-end technology products.

The Bank will extend loans of up to 50 crore rupees to these start-ups for their working capital requirements or purchase of machinery and equipment.