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UEF, IOB to promote entrepreneurs from backward community

The United Economic Forum (UEF), an organisation that works to improve socio-economic status of the minority community in India has entered into a MoU with Indian Overseas Bank for financing entrepreneurs from backward communities to set up businesses in Tamil Nadu. As part of the agreement, entrepreneurs who have been chosen by the UEF, will get term loan / working capital requirements from the bank. The UEF will appoint mentors to guide entrepreneurs for successful implementation of the project, with both IOB and UEF periodically monitoring the progress of the project.

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