RT team
The Department for Promotion of Industry and Internal Trade (DPIIT) has entered into a strategic partnership with YES BANK to strengthen the support system for startups, innovators, and entrepreneurs across India. This collaboration aims to drive innovation and growth through the combined efforts of DPIIT’s Startup India initiative and YES BANK’s financial expertise.
Under this MoU, startups will benefit from YES BANK’s HeadStartup program, which offers customized financial and banking solutions tailored to meet their unique needs. These include access to working capital, credit facilities, and cash flow management support, essential for early-stage business sustainability.
Furthermore, the partnership will facilitate market linkages, mentorship programs, and infrastructure support, empowering startups to scale efficiently. By leveraging YES BANK’s extensive network, strategic alliances, and industry insights, entrepreneurs will gain a competitive edge, enhancing their ability to attract investments and expand their market presence.
This collaboration underscores the commitment of both DPIIT and YES BANK to nurturing innovation and creating an environment where startups can thrive. By addressing key challenges such as funding and operational scalability, the initiative aims to bolster India’s position as a global hub for entrepreneurship and innovation.
