Page 29 - BANKING FINANCE November 2018

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Coun own o e Million Dollar C allen e or ar u ro

a ou en oun rie a e een ele e o ea o e ran inale

a e i a in e e i al

er startu s ro o er countries ill e co eting or the illion dollar grant ro the o ern ent o ndhra
radesh at the i ag intech esti al that ill e held
et een cto er and
he o ern ent o ndhra radesh instrategic
colla oration ith its challenge artners DC entures and
i o ha e selected startu s glo all ro intech
gritech and ergetech or the inale o the M
challenge he shortlisting o the startu s as co leted
a ter the roadsho in engaluru on ednesda
ent our startu s ha e on t o are tied ith
the a ard o each Due to the su erior ualit o
the startu s and the o er hel ing res onse an additional
list o consolation ri es ha e een a arded to
startu s ho ill e itching at the rand inale ll the startu s ha e an o ortunit to e hi it at the i ag intech
esti al to ore than glo al delegates co rising o Cs angel in estors etc here are al ost startu s ho
ha e attracted in or al interest ro the in estors through these roadsho s alread andthese in estors are likel to e
resent on the de o da total o startu s ere selected ro the intech categor hereas and startu s
ere selected ro the ergetech and gritech categories res ecti el
he startu s ere selected a ter roadsho s in San rancisco Chicago e ork el i ondon aris ong ong and
engaluru n e uit ree unding o irst ri e o R crore second ri e o R lakh ill
e a arded to the inners inalists in each categor ill get R lakh each to set u their usiness in i ag ndhra
radesh Mn Challenge inners ill e announced e ail and on the i ag intech esti al co site at on
cto er th he ards cere on ill e held at the i ag intech esti al on the sa e da
he inalists and inners o the challenge ill also e su orted intech alle i ag in ena ling the to set u
o erations and gro their usiness in the state o ndhra radesh cross the orld e ha e seen uni ue inno ations
through the roadsho s he challenge ro ed to e a great lat or to sho case e ertise to ena le a etter
socioecono ic societ ndhra radesh s initiati e through this challenge ill oost the ndian digital trans or ationand
also ring the est solutions ro around the orld to the eo le o ndia said Mr Cho dar S ecial Chie Secretar
and d isor to the on le Chie Minister o ndhra radesh

he entire selection rocess through the roadsho s as enriching e recei ed the holehearted su ort o the ndhra
radesh o ern ent he ade the entire rocess urel eritocratic trans arent and ith co lete autono to
the challenge artners he startu s across intech e ergetech and agritech ere e citing and the ones ost rele ant
to the ndian geogra h ill e itching at the esti al said Ms aksh i otluri the C o DC entures

n rea e in ank len in o or ora e
Data ro ajor anks indicate that there has een a sustained gro th in usiness loans his assu es signi icance as
loans to industries and usinesses had een stalled due to acro econo ic concerns and rising non er or ing assets
ro hat a eared like green shoots last ear e no see a stead gro th in de and or cor orate loans and
their dis ursal a senior e ecuti e ith State ank o ndia S told

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