Union Bank to finance small entrepreneurs

NEW DELHI, INDIA: Union Bank of India (UBI) Tuesday signed an agreement with the National Small Industries Corp (NSIC) for financing micro and small entrepreneurs.

Under this arrangement, while NSIC would provide technical support to the eligible private institutions to set up training-cum-incubation centres, UBI would extend credit support for procurement of machinery for setting up these centres.

UBI would also help aspiring entrepreneurs, who would be trained at these centres and desirous of establishing their own business ventures.

Source: PR Wire