Indian Bank & IIMB’s incubation arm sign up on exclusive credit to startups

Indian Bank has signed up with NSRCEL, the incubation arm of IIMB, for extending exclusive credit to startups.

NSRCEL is known for bringing up start-ups, industry mentors and eminent academicians from the parent institution, IIM Bangalore and researchers who thrive on continuous interaction of theory and practice. IIMB also nurtures technology and knowledge-based ventures, Indian Bank said in a press release.

Startups require funding to expand and grow. One of the most common problems they face is maintaining a positive cash flow. Under the MOU, NSRCEL will identify Start-ups and MSMEs based on their credentials and past experience and will refer such members for financial assistance from the Bank

Source-Economic Times

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