MoU aims to provide financial and non-financial support to startups across the country
New Delhi, October 23, 2025: The Department for Promotion of Industry and Internal Trade (DPIIT), under the Ministry of Commerce & Industry, has signed a Memorandum of Understanding (MoU) with Kotak Mahindra Bank Ltd. to strengthen support for startups in India. The collaboration is intended to offer a comprehensive framework for startups to access customized banking solutions, funding opportunities, digital infrastructure, and mentorship programs.
Through this partnership, Kotak Mahindra Bank will provide a variety of dedicated services for DPIIT-recognized startups, including:
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Zero-balance current accounts
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Working capital and term loans
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API-based banking platforms
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Digital payment solutions and specialized startup cards
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Access to mentorship, investment advisory, incubation support, and networking platforms
Speaking at the event, Sanjiv, Joint Secretary, DPIIT, emphasized that the initiative reflects the government’s commitment to building a vibrant, inclusive innovation ecosystem. “By integrating policy, industry, and finance, we aim to strengthen the bridge between entrepreneurial ambition and sustainable impact,” he said.
Raghavendra Singh, President of Kotak Mahindra Bank, highlighted that the collaboration will facilitate greater engagement with the startup community by offering tailored financial solutions and mentorship programs, helping founders scale their businesses effectively.
The initiative aims to support startups at every stage—from early ideation to market expansion—by combining Kotak’s financial expertise with DPIIT’s policy leadership, thereby accelerating India’s transition toward a self-reliant, innovation-driven economy.
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