The Department for Promotion of Industry and Internal Trade (DPIIT), under the Ministry of Commerce and Industry, Government of India, has signed a Memorandum of Understanding (MoU) with Kotak Mahindra Bank Ltd. to strengthen both financial and non-financial support for startups across India.

This strategic collaboration aims to create a comprehensive framework that enables startups to access customised banking solutions, funding opportunities, digital and payment infrastructure, and capacity-building programmes. The initiative reaffirms DPIIT’s commitment to fostering an innovation-led economy and propelling India’s transformation into a global startup hub.

Under the MoU, Kotak Mahindra Bank will offer an exclusive suite of services for DPIIT-recognised startups, including zero-balance

See Full Page