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As on : 21-Mar-2025

Economy - Reports
21-Mar-2025 10:58

DPIIT inks pact with Yes Bank to strengthen India's startup ecosystem

The Department for Promotion of Industry and Internal Trade (DPIIT) has signed a Memorandum of Understanding (MoU) with YES BANK with an aim to foster innovation and provide crucial support to product startups, innovators, and entrepreneurs across the country. The partnership will leverage DPIIT's Startup India initiative and YES BANK's financial expertise to facilitate market linkages, funding access, mentorship, and infrastructure support for early-stage ventures. Startups will benefit from YES BANK's HeadStartup program, which offers tailored banking and financial solutions, including working capital, credit access, and cash flow management. Additionally, they will gain access to YES BANK's extensive network, strategic partnerships, and industry expertise, enabling them to scale operations and attract investments effectively.

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