Indian overseas bank has planned to work with Naturals – a hair and beauty chain. The bank is planning to expand its services in the northern India, with the help of naturals. The bank will be providing the women with the collateral free loan who are planning to set up Naturals salon, Spa or lounge.
Through this tie the women entrepreneurs will be offered with collateral free loan and in addition to this the third party guarantee would not be necessary. The bank will assist all the first time women entrepreneurs with financial assistance to start up their Naturals salon.
The bank has already received an overwhelming response for this in south India by help the women over there. In south the bank has assisted in setting up 46 Naturals salon. Now with the same criterion the bank will provide loan facility in north India to women entrepreneurs.