Hyderabad: An MoU was signed by the NTR Trust, Corporation Bank and Commonwealth Secretariat Group at Bengaluru to help the youth in becoming entrepreneurs, on Monday.
According to a press release by the TDP, Mr Jone Morrel, director of the Commonwealth Secretariat Group, Mr Metaparti Venkat, CEO of the NTR Trust and Mr Ramnath Pradip, MD of the Corporation Bank have signed on the MoU.
Mr Venkat has stated in a press release that financial help would be rendered by these organizations to youth identified and sponsored by the NTR Trust. He stated that the Commonwealth Group had selected six States in the country for the Youth Financing Programme and AP was one among them. Mr Venkat has stated that the NTR Trust was selected in AP to identify and sponsor youth for help under the programme. Financial assistance up to Rs 10 lakhs would be provided by the Commonwealth Group and the Corporation Bank, he added.