DPIIT Forges Strategic Pacts to Propel Startups Forward

The DPIIT has signed agreements with Kotak Mahindra Bank and Primus Partners to bolster startup support. These pacts aim to provide financial solutions and mentorship for startups across India. Initiatives include customized banking options, capacity-building, and technology integration, assisting startups from ideation to scaling.

The Department for Promotion of Industry and Internal Trade (DPIIT) has announced new agreements with Kotak Mahindra Bank and Primus Partners, designed to support and accelerate the growth of startups across India.

The collaboration with Kotak Mahindra Bank focuses on providing a comprehensive package that includes financial and non-financial support for startups, offering customized banking solutions and funding opportunities across the country.

Kotak Mahindra Bank will deliver several targeted services for DPIIT-recognized startups, such as zero-balance accounts, loans, digital payment solutions, mentorship, and networking opportunities. Primus Partners will focus on capacity-building and technology integration for early-stage startups.

(With inputs from agencies.)