Exim Bank-RTBI to help companies working in rural innovations

CHENNAI: Export-Import Bank of India (Exim Bank) today signed a Memorandum of Cooperation (MoC) with the Rural Technology and Business Incubator ( RTBI) to evaluate and support companies in their nascent stage.

The companies which Exim Bank seeks to support should be focused on improving rural livelihood along with having a promising export potential.

The MoC was signed by Exim Bank Chairman and Managing Director T C A Ranganathan and RTBI Co-Chairman Ashok Jhunjhunwala, a release said.

Exim bank has been a pioneer in supporting companies which have grown to evolve as some of the biggest exporters of the country.

RTBI is IIT-M's incubator facilitating rural-inclusive technology and business innovation in the country. It is a not-for-profit society.