The Department for Promotion of Industry and Internal Trade (DPIIT) and YES BANK have signed a Memorandum of Understanding (MoU) to bolster India’s startup ecosystem. The collaboration between DPIIT and YES BANK will provide funding access, guidance and market linkages to product startups.
 |
| DPIIT - YES BANK Sign MoU to Strengthen India’s Startup Ecosystem |
DPIIT - YES BANK Sign MoU to Strengthen India’s Startup Ecosystem
The Department for Promotion of Industry and Internal Trade (DPIIT) has signed a Memorandum of Understanding (MoU) with YES BANK to bolster India’s startup ecosystem. The Collaboration to provide funding access, mentorship, and market linkages for product startups.
Read Also: DPIIT - Mercedes-Benz India sign MoU to promote Innovation and Road Safety
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. Startups will benefit from YES BANK’s HeadStartup program, which offers tailored banking and financial solutions, including working capital, credit access, and cash flow management.
Read Also: DPIIT - Korea Transport Institute Sign MoU to Boost Collaboration in Logistics
Additionally, they will gain access to YES BANK’s extensive network, strategic partnerships, and industry expertise, enabling them to scale operations and attract investments effectively.
DPIIT - YES BANK MoU: Aims
The collaboration between DPIIT and YES BANK aims to foster innovation and provide critical support to product startups, innovators, and entrepreneurs across the country.
This collaboration marks a significant step toward creating a robust and self-sustaining startup ecosystem in India.
The MoU Signed By
DPIIT and YES BANK MoU was signed by Director, DPIIT, Dr. Sumeet Jarangal and Zonal Head, YES BANK, Rohit Aneja, in the presence of senior officials from both organizations.
About YES BANK
YES BANK is India's fourth largest private sector bank headquartered in Mumbai, offers a wide array of products, services, and digital solutions, catering to Retail, MSME, and Corporate clients.
YES BANK was founded by Rana Kapoor and Ashok Kapur in 2003–2004.
YES BANK has a pan-India presence including an International Banking Unit (IBU) at GIFT City, and a Representative Office in Abu Dhabi.
About DPIIT
The Department for Promotion of Industry and Internal Trade (DPIIT) was founded in 1995 and later expanded in 2000 through the merger with the Department of Industrial Development.
It is working under the Ministry of Commerce and Industry, Government of India. This department is responsible for formulation and implementation of promotional and developmental measures for growth of the industrial sector, keeping in view the national priorities and socio-economic objectives.
Static Current Affairs related to DPIIT for upcoming exams
- Full form of DPIIT: Department for Promotion of Industry and Internal Trade
- Minister responsible: Piyush Goyal, Minister of Commerce and Industry
- Secretary: Amardeep Singh Bhatia
Static Current Affairs related to YES BANK for upcoming exams
- Formation: 2004
- Founders: Rana Kapoor & Ashok Kapur
- Headquarters: Mumbai, Maharashtra
- Managing Director & CEO: Prashant Kumar
- Number of employees: 28,001 (2024)
- Number of branches: 1,198 branches
- Number of ATMs: 1,287+ ATMs
0 Comments