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SBI start up fund of Rs 200 crore initiated

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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.

 

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