DPIIT signs MoU with YES BANK, Kyndryl Solutions to bolster startups

The Department for Promotion of Industry and Internal Trade (DPIIT) has signed a Memorandum of Understanding (MoU) with YES BANK, a move to bolster India's startup ecosystem.

- STATESMAN NEWS SERVICE

With this collaboration, the entities aim to foster innovation and provide crucial support to product startups, innovators, and entrepreneurs across the country.

The partnership will leverage DPIIT's Startup India initiative and YES BANK's financial expertise to facilitate market linkages, funding access, mentorship, and infrastructure support for early-stage ventures, Ministry of Commerce & Industry said in a statement.

"Startups will benefit from YES BANK's Head Startup program, which offers tailored banking and financial solutions, including working capital, credit access, and cash flow management."