Indian Bank has introduced an initiative for funding start-ups, ‘IND Spring Board’, in collaboration with the IIT-Madras Incubation Cell (IITMIC). The Chennai-headquartered bank seeks to bridge the gap in funding for start-ups through this collaboration with IITMIC.
WARRIOR 4.0 | Banking Awareness Batch for SBI, RRB, RBI and IBPS Exams | Bilingual | Live Class
Under the deal, IITMIC will refer start-ups with proven technology and established cash flows to the bank and also extend advisory to the bank on the business model. The bank will extend loans of up to 50 crores to these start-ups for their working capital requirements or purchase of machinery, equipment.
Important takeaways for all competitive exams:
India became the second-largest export destination for Sri Lanka, and overtakes the United Kingdom in…
Government of India has launched the PM-AJAY portal and AJAY mobile app to improve the…
The Indian Council of Medical Research (ICMR) has organized the India's largest largest biomedical innovation…
In the first edition of BRICS Tourism Working Group (TWG) Meeting India has formally launched…
Honorable President of India Droupadi Murmu has conferred the Padma Awards 2026 to 66 distinguished…
China has launched the Shenzhou 23 spacecraft and sent the three astronauts to its Tiangong…