Union Bank & IIT Varanasi set-up Incubation Centre to support self-employment

Hyderabad, June 19 (KNN) Union Bank of India and IIT (BHU) Varanasi on Monday signed a MoU for setting up a joint incubation centre (JIC) to provide all kinds of financial backing to the youth for self-employment.

IIT (BHU) Varanasi Dean-(R&D) Vikas Kumar Dubey and Union Bank Zonal Head, Varanasi, Girish Joshi signed the MoU in the presence of Director of IIT (BHU) Varanasi, Pramod Kumar Jain.

The name of this incubation centre will be ‘IIT (BHU) Varanasi-Union Bank of India Incubation Centre’, as per the press release.

The JIC is being set up with financial support from Union Bank of India and the operations will be managed by IIT (BHU) Varanasi.

Union Bank of India aims to serve the society and the customers of the Bank by financing technological advancements in both manufacturing and services in line with the spirit of Atmanirbhar Bharat.

The Director of IIT (BHU) Varanasi also welcomed the proposal to initiate technological advancement research program based on the feedback of the entrepreneurs who are customers of Union Bank of India.  (KNN Bureau)