Question

    On 13 January 2022, Indian Bank inked Landmark MoU for Loans upto _____ Crore for Startups under ‘IndSpring Board’ Scheme.

    A 50 Crore Correct Answer Incorrect Answer
    B 70 crore Correct Answer Incorrect Answer
    C 60 crore Correct Answer Incorrect Answer
    D 40 crore Correct Answer Incorrect Answer
    E 30 crore Correct Answer Incorrect Answer

    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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