"The primary objective is to provide long-term capital to startup companies with innovative ideas, potential for high growth and ability to bring socio-economic impact," the Kerala-based private sector lender said in a statement.
The fund will be used for supporting small ticket projects in diverse sectors like digital financial services, biotechnology, hi-tech farming, healthcare, logistics, e-commerce and e-markets.
"The initial corpus is of Rs 25 crore which is scalable. To start with, the bank will focus on projects in Kerala and Gujarat," it said.
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