Bhartiya Mahila Bank (BMB) signed an agreement with Trends to promote Women Entrepreneurship.
New Delhi headquartered Bhartiya Mahila Bank (BMB) on April 19, 2014 entered into an agreement with Trends in Vogue to promote women entrepreneurship. Trends in Vogue is a CavinKare initiative that manages hair saloons under Green Trends.
Under the agreement, Green Trends plans to have 500 salons nationally set up by women entrepreneurs by the end of 2014-15. Green Trends has also introduced mobile and online check- in service for customers.
Further, Bhartiya Mahila Bank will provide the collateral free loans to prospective franchises across the country, especially to women. The rate of interest will be between 11.5 per cent and 12.5 per cent.
The bank will provide loans of up to 75 per cent of the total project cost to women entrepreneurs across the country.