DPIIT MoUs with Kotak Mahindra Bank & Primus Partners to Boost Startup Ecosystem

Current Context: The Department for Promotion of Industry and Internal Trade (DPIIT) signed MoUs with Kotak Mahindra Bank and Primus Partners on 23 October 2025 in New Delhi.

• The aim is to strengthen India’s startup ecosystem by providing both financial and non-financial support to DPIIT-recognised startups.
• Kotak Mahindra Bank will offer zero-balance current accounts, customised credit, working capital loans, and digital banking solutions.
• It will also provide capacity-building programmes and access to funding opportunities.
• Primus Partners will support startups with mentorship, policy awareness, structured capacity-building, and market access initiatives.
• The collaboration focuses on early and growth-stage startups, encouraging innovation and inclusivity.

Question:

Q.1 Which two organisations signed Memorandums of Understanding (MoUs) with the Department for Promotion of Industry and Internal Trade (DPIIT) on 23 October 2025 to strengthen India’s startup ecosystem?
a) HDFC Bank and NITI Aayog
b) Kotak Mahindra Bank and Primus Partners
c) Axis Bank and Invest India
d) SBI and Startup India

Answer: b) DPIIT signed MoUs with Kotak Mahindra Bank and Primus Partners in New Delhi to provide both financial and non-financial support to DPIIT-recognised startups.