Indian corporations have been taking after global giants – where they have been issuing pink slips to thousands of their employees. From international tech companies to Indian start-ups – as part of their layoff process.

Under such circumstances, while many employees have been at the receiving end of their mental, social and financial security, a few have started coping with the uncertainties and prioritizing their personal security and growth above all else – by planning for an emergency, saving regularly, and even availing moratorium on loans.

Another sect of self-driven employees on the other hand, have taken this massive and disruptive change as a phase to reflect upon themselves and their bigger goals. They have learned to swim in turbulent waters and dream up successful ideas with intense focus and foresight to ensure every essential element is intact.

As an ode to this entrepreneurial spirit of laid off employees, several banks, financial institution and advisors in the country have also stepped up to help them manage financial responsibilities, in addition to offering start-up financing and MSME loans to set up small-scale business ventures of their own.

So, if you have been hit by the layoff wave, relax and embrace yourself to kick-start your entrepreneurial journey with the help of small business loans.

Indian Bank too, through a series of initiatives, has already been empowering start-ups and MSMEs to realise their research efforts powered by its financial support. The Online Shishu Mudra loan has been one such initiative with an objective to digitize the way of doing business.

The Online Shishu MUDRA loan offering Instant MSME Loan to existing pre-selected customers through end-to-end digital processing offers loans through a simple, smooth and hassle-free digital journey that involves processing, assessment, documentation, sanction and disbursement.

Customers can now avail the facility through any of the bank’s online channels viz Internet Banking under Apply Loan Tab, Mobile Banking under Apply Loan Tab or the Indian Bank Website.

Indian Bank also offers a host of other MSME loans that include IB Tradewell, IND SME Secure, IB Micro, IB My Own Shop, IND MSME Vehicle, and INDSME Arogyam among others.

Indian Bank, your own bank, is one of the oldest banks in the country to be constituted in the year 1907. The bank is reputed for offering investment products such as FDs and Term Deposits for rewarding interest rates and high returns, and also encouraging entrepreneurs and start-ups with MSME loans.