MeitY Startup Hub signed MoU with Paytm

Published on August 28, 2021
Current Context: The MeitY Startup Hub (MSH) which comes under the Ministry of Electronics & IT (MeitY) has entered into MoU with Paytm.
MeitY Startup Hub signed MoU with Paytm
  • The MoU was signed to grant support to deep tech-based startups in India.
  • Both then entities will create a deep tech-based startups ecosystem for SaaS and app-based startups which will be built using platforms like AI, Machine Learning, and Cloud Computing.
  • They will help grant support to solution-oriented innovators.
  • Both the entities will grant support to the deep tech-based startups with vast platform, knowledge, expertise solution, capacity building, resources, and stakeholders.
  • The startups will be benefited from market strategies, mentorship, and technical assistance.
  • The entities will develop partnerships among incubators, investors, and accelerators.
  • The ‘startup toolkit’ will be offered to tackle the problems associated with payments, distribution, and growth in early-stage startups.
  • Static Part: 
    • Union Minister of Electronics & IT: Ashwini Vaishnaw
    • HQ of Paytm: Noida, UP


Q.1 With which entity has MeitY Startup Hub (MSH) signed MoU to support deep tech startups?
a. Atal Innovation Mission
b. Paytm
d. ICICI Bank

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