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Coimbatore
Bank sanctions loans to eight incubates
March 10, 2016
The Coimbatore branch of Syndicate Bank has sanctioned loans of Rs.4.5 crores to eight incubatees, who are members of the Technology Business Incubator run at the Tamil Nadu Agricultural University (TNAU).
About 150 persons were enrolled in the incubator, conducted by the Directorate of Agribusiness Development, TNAU, and sponsored by the Department of Science and Technology, Government of India. The members included startups, entrepreneurs and corporates involved in food processing, coir industry, banana fibre products, organic farming, warehousing, etc.
Syndicate Bank, one of the members of the incubator team, sanctioned loans to eight incubatees to the tune of Rs.4.5 crores.
