India, Oct. 23 -- The Department for Promotion of Industry and Internal Trade (DPIIT) has signed a Memorandum of Understanding (MoU) with Kotak Mahindra Bank Ltd. to enhance financial and non-financial support for startups nationwide.
The partnership aims to provide startups with customized banking solutions, credit and funding access, digital and payment infrastructure, and capacity-building programs, reinforcing DPIIT's vision of an innovation-led economy and positioning India as a global startup hub.
Under the MoU, Kotak Mahindra Bank will offer zero-balance current accounts, working capital and term loans, API-based banking platforms, digital payment solutions, startup cards, and access to mentorship, investment advisory, incubation s...