SBI start up fund of Rs 200 crore initiated

State Bank of India (SBI), India’s largest public sector has set up start up fund worth Rs 200 crore. The fund is dedicated for investment in IT innovations and start-ups and would be extending up to Rs 3 crore for all India-registered companies so that they can promote their business in India using IT for banking. 

SBI start up fund for 200 crore launched for investors in IT innovations and start-ups

The SBI InCube branches will have experienced and dedicated relationship managers who will offer solutions to various entrepreneurial needs. SBI have started a single window banking relationship support to be offered to start-ups. It would be provided to start-ups through its dedicated Bangalore branch; the bank has been operational for last 6 months, and has already added more than 200 clients. 

The branch will help entrepreneurs on various fronts and will offer them advisory services like

• What registrations/approvals are needed to start a business
• What tax considerations should be kept in mind
• Do they need CIN/TIN/TAN etc
• How to manage startup finances and funds

For more information about SBI start up plans you can visit the official website.