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 15, 2021 5:37:52 AM |

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