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A detailed description of the entire process of applying for a bank loan was provided by Mr. Ravi Yadav as well as a brief insight on circumstances in which the loan applications are rejected How the bank loan is provided to startups working in the software and service sector, what were the criteria for lending and what is the significance of the current revenue generation for a startup seeking for loan? These topics were discussed in detail. 65 representatives of 37 startups of the incubation center participated in this session which was completely one to one for the startups. Various startups incubated like Recooty, Adverto, Mylo, Rento-Bro, Mecha-Toilet, sunlo.com, pixie hospitality, orc Electronics etc. were present in the workshop. In the final phase of the session, the officers of Bank of Baroda provided a complete list of documents Necessary for bank loan application to the startups representatives. Bank of Baroda officers were thanked for this important session by Incubation Managers Agranshu Dwivedi and Barkha Upadhyay.
Incubation Masters is a global organization, helping startups and business owners from all over the world to grow together through mentorship, global networking, consultancy, technology services and access to funding opportunities. Incubation Masters help smart cities and academic institutions to build and manage incubation centres and help them creating a sustainable startup ecosystem.
