DPIIT signs MoU with HDFC Bank to strengthen startup ecosystem and foster innovation

Published on December 17, 2024
Current Context: On December 17, 2024, the Department for Promotion of Industry and Internal Trade (DPIIT) signed a Memorandum of Understanding (MoU) with HDFC Bank at the Constitution Club of India in New Delhi.
DPIIT signs MoU with HDFC Bank to strengthen startup ecosystem and foster innovation
  • Purpose:
    • To provide knowledge sharing and mentorship to startups.
    • To offer customized financial products and services tailored to the needs of startups.
    • To create a robust ecosystem that encourages innovation and growth.
  • Benefits
    • Enhanced Support: Startups will receive guidance and mentorship from experts at DPIIT and HDFC Bank, helping them navigate challenges and scale their businesses.
    • Financial Products: HDFC Bank will offer financial products specifically designed for startups, addressing their unique financial needs.
    • Innovation and Growth: The collaboration aims to foster a culture of innovation, encouraging startups to develop new ideas and solutions.

Question:

1 Which organization partnered with the Department for Promotion of Industry and Internal Trade (DPIIT) to strengthen the startup ecosystem?

  • A) HDFC Bank
  • B) Axis Bank
  • C) ICICI Bank
  • D) State Bank of India
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