Yes Bank is one of those few banks, who provide support to the prestigious media houses, global advisory firms and startups in the country to grow and to help them in uplifting by providing financial help and consultancy services. Recently, they got associated with Entrepreneurship Development Institute of India to provide financial help to startups. As soon as they announced their tie up, they also named two startups which they will be supporting in the coming years.
The bank is eyeing on to “Building the Finest Quality Bank of the World in India” by 2020, and for that, they plan to provide ₹50 Lakh loan to EDII supported startups and Green Ideology, under the Credit Guarantee Fund Trust for Micro and Small Enterprises program. Green Ideology started their service in 2013 and has gained a huge frame in the startup market by their innovative vision and services.
Green Ideology has received funds before this as well. The startup previously received ₹5 Lakh from the Gujarat government to start its operations and launch its product range in the market. Now with the new amount, they are planning to expand the business in small scale and increase the product categories for its users.