BMB signed an agreement with Trends to promote Women Entrepreneurship
Trends in Vogue on 19 April 2014 entered into an agreement with Bhartiya Mahila Bank (BMB) to promote women Entrepreneurship.
Trends in Vogue on 19 April 2014 entered into an agreement with Bhartiya Mahila Bank (BMB) 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.
There is a significant upswing trend of women from various backgrounds entering into beauty salon segment and this MoU with Bhartiya Mahila Bank will further strengthen the support.