Business

Indian Bank, angel investor in pact for start-up funding

Public sector lender Indian Bank has entered into pact with Chennai-based angel investment group ‘The Chennai Angles‘ for financing start-ups under the bank’s loan product Ind Spring Board. The MoU was signed on Thursday.

Under this project, Indian Bank will support start-ups by extending credit facilities up to ₹50 crore for working capital needs and also fund term-loan requirements for acquiring fixed assets for their units, said the bank in a statement.

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Printable version | May 12, 2021 7:50:41 AM | https://www.thehindu.com/business/indian-bank-angel-investor-in-pact-for-start-up-funding/article34386929.ece

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