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The Hindu
The Hindu
National
Mini Tejaswi

SBI to offer collateral-free assistance up to ₹2 crore to start-ups

 

State Bank of India (SBI) has decided to float dedicated branches to offer collateral-free financial assistance upto ₹2 crore to start-up entrepreneurs in the country.

To start with, the PSU bank has entered into a memorandum of understanding with Karnataka Digital Economy Mission (KDEM), a body which has a mandate to grow the size of the state’s digital economy, to open its first exclusive branch for entrepreneurs.

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