IndusInd Bank signs MoU with DPIIT to Empower India's Startup Ecosystem
IndusInd Bank signed a Memorandum of Understanding (MoU) with DPIIT to nurture innovation and entrepreneurial growth in India.
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Mumbai, May 20, 2025: Private Sector Lender IndusInd Bank announced that it has signed a Memorandum of Understanding (MoU) with the Department for Promotion of Industry and Internal Trade (DPIIT) to nurture innovation and entrepreneurial growth in India.
This strategic partnership brings together the strengths of DPIIT’s Startup India initiative and IndusInd Bank’s financial expertise to create opportunities for startups, innovators, and entrepreneurs nationwide.
The collaboration offers start-ups, innovators, and entrepreneurs tailored banking solutions, including cash management, working capital, and credit facilities.
A key feature is enhanced support under the Credit Guarantee Scheme for Startups (CGSS), allowing collateral-free loans with a raised guarantee cover of up to Rs 20 crore for DPIIT-recognised start-ups. Additionally, the guarantee fees for debt funding in 27 Champion Sectors have been reduced to further ease access to credit.
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These measures assist start-ups in mobilizing capital and investing in advanced technologies and manufacturing. The MoU represents a significant advancement in creating a strong banking and beyond-banking ecosystem for startups, expediting their path towards sustainable growth and global competitiveness.
By combining policy support with financial innovation, IndusInd Bank and DPIIT are committed to nurturing the next generation of Indian unicorns and positioning India as a global hub for entrepreneurship.
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