This 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 facility offered by SID.
The bank will extend loans of up to Rs 50 crore to these start-ups for working capital requirements or for purchase of machinery and equipment. As the name indicates, this initiative, which is mutually beneficial for both Bank and IISc, will be the spring board for start-ups to realise their ambitions.
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