For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Indian Overseas Banks to support young entrepreneurs

By Religare
|

Public sector lender, Indian Overseas Bank is likely to provide finance up to Rs 50 lakh to micro, small and medium enterprises in the manufacturing sector while Rs 25 lakh for service sector, to fund budding entrepreneurs said PTI.

The bank has inked Memorandum of Understanding with Bharatiya Yuva Shakti Trust (BYST) which is a not-for-profit organisation supported by Confederation of Indian Industry (CII) enabling youngsters to become entrepreneurs.

BYST would provide the business mentoring, marketing, training and development support to the youngsters, it said.

 

Commenting on the partnership, Indian Overseas Bank, Chairman, M Narendra said, "Now, with this partnership, there is a focused mechanism to handhold and guide the entrepreneur towards their success. Mentoring is there to take care of a professional and emotional needs which are of paramount importance for a new person in business."

Read more about: indian overseas bank
Story first published: Tuesday, January 7, 2014, 22:35 [IST]
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Find IFSC

We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more