The Department for Promotion of Industry and Internal Trade (DPIIT) and HDFC Bank have joined forces to support India’s startup ecosystem. The Memorandum of Understanding (MoU) aims to provide startups with tailored financial services, knowledge-sharing opportunities, and growth-focused resources. The partnership addresses the unique challenges faced by startups in India, including access to funding, operational scalability, and strategic guidance. HDFC Bank will offer startups customized financial products, including working capital loans and cash flow management tools. Additionally, startups will have access to knowledge and mentorship programs, and resource sharing opportunities. The collaboration is expected to empower startups to scale new heights and drive innovation across industries. It is a crucial step towards strengthening India’s innovation-driven economy and fostering entrepreneurship and economic growth. The partnership is expected to create an environment conducive to startup growth and success, and inspire more young entrepreneurs to take the leap into uncharted territories.
HDFC Bank and DPIIT join forces to turbocharge India’s startup landscape
by newsworm | Dec 18, 2024 | Banking, HDFC Bank | 0 comments