Franchise India in talks with banks to finance SMEs

NEW DELHI: Franchise India, a retail and franchise solutions provider, has shown keen interest to tie up with private sector banks to offer easy finance to investors interested to set up small and medium enterprises(SMEs).

Currently, the franchise business is growing at a 30-35% rate annually and it will be the next tool to create entrepreneurship to promote financial inclusion. Franchise India is already in talks with five leading banks--SBI, HSBC, Punjab National Bank, ICICI Bank and HDFC.