Indusind Bank Inks MoU with DPIIT to Empower India's Startup Ecosystem

Indusind Bank has signed a Memorandum of Understanding (MoU) with the Department for Promotion of Industry and Internal Trade (DPIIT) to nurture innovation and entrepreneurial growth in India. This strategic partnership brings together the strengths of DPIIT’s Startup India initiative and Indusind Bank’s financial expertise to create opportunities for startups, innovators, and entrepreneurs nationwide. The collaboration offers tailored banking solutions, including cash management, working capital, and credit facilities. The guarantee cover of up to 220 crore for DPIIT-recognised start-ups under the Credit Guarantee Scheme for Startups (CGSS) has been raised. These measures help start-ups mobilise capital and invest in advanced technologies and manufacturing. The MoU marks a significant step toward building a robust banking and beyond-banking ecosystem for startups, accelerating their journey toward self-sustaining growth and global competitiveness.