Indian Bank has recently announced the launch of a new product called "Supply Chain Finance" that aims to support small and medium-sized enterprises (SMEs) in the country. The product offers a range of financial solutions to SMEs, including pre-shipment and post-shipment finance, invoice discounting, and bill discounting services.

With the introduction of this new offering, Indian Bank is seeking to improve access to financing for SMEs and provide them with the necessary support to expand their businesses. This move is expected to help drive economic growth and create new employment opportunities in the country.

The bank has also highlighted that the product is part of its broader strategy to support the government's "Make in India" initiative, which aims to promote domestic manufacturing and encourage entrepreneurship in the country. Indian Bank's Supply Chain Finance product is expected to play a key role in achieving these goals by providing much-needed financial support to SMEs in India.