Question
On 13 January 2022, Indian Bank inked Landmark MoU for
Loans upto _____ Crore for Startups under ‘IndSpring Board’ Scheme.Solution
Indian Institute of Management Kozhikode’s (IIMK) Business incubator Laboratory for Innovation Venturing and Entrepreneurship (LIVE) has signed a Memorandum of Understanding (MoU) with the Indian Bank to financially support early-stage startups. Under the MoU, a startup funding scheme, ‘IndSpring Board’ has been launched providing loans up to Rs, 50 Crore.
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