The most prestigious bank, The IndusInd Bank has signed an agreement with Overseas Private Investment Corp. to add up ₹1400 Crore ($225 million) loan to support the industry by expanding its micro, small and medium enterprise lending programs across India. Induslnd bank wants to hold the top position globally and this is a small step towards it. The bank shared its vision to expand the small, micro and medium enterprises at the local level because these enterprises only have medium class people in it.
Hyderabad based, eSahai which deals with the ambulance aggregator and provide medical taxi, is operated and managed by the MyInd Medical Technology Innovation Pvt. Ltd. has raised ₹1.6 Crore in his seed funding round. They will be investing this funds to increase its medical taxi fleet and to purchase more ambulance and spread the services all over the country.
Induslnd has signed an agreement with Overseas Private Investment Corporation to add up ₹1400 Crore ($225 Million) loan to expand the business by uplifting micro, small and medium scale enterprise across the India at the local level. The company also stated that at least 25% of the total funds will be invested to support women entrepreneurs by providing them funding and helps in promoting their enterprise with a large number of association. The company also gave the statement that if they received a positive response then soon they’ll be expanding it and reaching out to the population.