SBI To Open First Branch For Startups
The State Bank Of India (SBI) and Karnataka Digital Economy Mission (KDEM) have signed an agreement for opening the country’s first dedicated branch for startups (SBI Startup Hub branch) in Koramangala, Banglore. The branch will be inaugurated in August.
As per information, the collaboration will enable startups across the state to access banking facilities, funding, and credit facilities. Rs 2 crore collateral-free financial assistance will be given to startup entrepreneurs.
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