HSBC India has announced its intention to lend $250 million to growth-stage startups in India to support their expansion plans.
- The lending will be given to high-growth tech-focused startups in India.
- It will be managed by the commercial banking vertical of HSBC India.
- The offering is coming out of the bank's recognition of the need for tech startups to access finance for growing their businesses in the country.
- Individual startup allocation and disbursal time are yet to be announced.