Tag: IIT Guwahati

Indian Bank signs MOU with IIT Guwahati TIC to fund start-ups, BFSI News, ET BFSI

Banking & Finance

[ad_1]

Read More/Less


Indian Bank signed the MoU with IIT Guwahati Technology Incubation Centre (TIC) for funding eligible Startups under the “IND SpringBoard” scheme of the Bank. The MoU was signed by K S Sudhakara Rao, General Manager (MSME), Indian Bank and Professor R. Ganesh Narayanan – Technology Incubation Centre (TIC), IIT-Guwahati, in presence of G. Krishnamoorthy, Dean, IIT Guwahati, and Sashi Bhusan Dash, Field General Manager, Kolkata-II.

Under this product, Indian Bank supports start-ups by extending credit facilities upto Rs.50 Crore for working capital requirements and also fund based term loan requirements for acquiring fixed assets for their unit. It is one of its kind in the North-Eastern part of India.

Indian Institute of Technology Guwahati- Technology Incubation Centre (IITG-TIC) is a space for new-age entrepreneurs and young minds to transform their innovative ideas into viable business propositions. They encourage young enthusiastic creative pursuits with an inherent zeal to be entrepreneurs to take advantage of this noble initiative.

On this occasion Zonal Manager Guwahati Shri. Chandaneswar Goswami, officials from Indian Bank, IIT Guwahati and Start-up entrepreneurs were also present.



[ad_2]

CLICK HERE TO APPLY

Leave a comment , , , , , , , ,

Indian Bank inks pact with IIT-Guwahati’s centre for start-up financing

Banking & Finance

[ad_1]

Read More/Less


Chennai-headquartered Indian Bank has signed an agreement with IIT Guwahati Technology Incubation Centre (TIC) for financing start-ups under Bank’s loan product “IND Spring Board”.

The MoU was signed by K S Sudhakara Rao, General Manager (MSME), Indian Bank and Professor R. Ganesh Narayanan – Technology Incubation Centre (TIC), IIT-Guwahati on Thursday.

Indian Bank’s ‘Ind Spring Board” scheme aims to empower start-ups to realise their research efforts powered by financial support from the bank. Under this product, the bank supports start-ups by extending up to ₹50 crore as working capital and fund-based term loan requirements for acquiring fixed assets.

“The Bank is committed to economic upliftment and boosting the entrepreneurship of the people of Assam and Northeast India. This is a step in that direction,” said a statement.

Indian Institute of Technology Guwahati- Technology Incubation Centre (IITG-TIC) encourages youth to take advantage of this initiative who have creative pursuits with an inherent zeal to be entrepreneurs.

The bank has already tied up with IIT-Madras, IISc-Bengaluru and Chennai Angels for identifying the eligible start-ups for finance under this scheme.

[ad_2]

CLICK HERE TO APPLY

Leave a comment , , , ,