DPIIT signs MoU with YES Bank to Strengthen India’s Startup Ecosystem

New Delhi: Significantly advancing India's startup scene, the Department of Promotion of Industry and Internal Trade (DPIIT) has a Memorandum of Understanding (MoU) signed with YES Bank.

This partnership seeks to inspire creativity and give product companies, inventors, and entrepreneurs all around vital help. Leveraging DPIIT's Startup India program and YES Bank's financial knowledge, the alliance will help early-stage businesses by means of market linkages, finance access, mentoring, and infrastructural support.

YES BANK's HeadStartup program provides customised banking and financial solutions including working capital, loan access, and cash flow management, therefore benefiting start-ups. Furthermore, they will have access to YES BANK's wide-ranging network, strategic alliances, and industry knowledge which will help them to properly grow activities and draw investments.

"India's manufacturing and startup ecosystem is at a transforming juncture," Shri Sanjiv, DPIIT Joint Secretary, underlined, stressing the need of the cooperation in fostering innovation-led economy. It gives us great pleasure to work with YES BANK to provide newly founded companies with the tools and chances they need to grow and flourish.

In front of top officials from both companies, Director, DPIIT, Dr. Sumeet Jarangal and Zonal Head, YES Bank signed the MoU. This cooperation represents a major first towards building a strong and self-sustaining startup environment in India.