Overview
- Under the Kotak Mahindra Bank pact, startups will get zero-balance current accounts, working capital and term loans, API-based banking, digital payment solutions and specialised startup cards.
- Kotak will also facilitate mentorship, investment advisory, incubation support and networking platforms to help founders move from ideation to scale.
- A separate MoU with Primus Partners targets early- and growth-stage product startups through structured capacity-building, expert mentoring, market access initiatives and policy awareness.
- DPIIT framed the collaborations as part of building an innovation-led economy, with officials highlighting stronger linkages between policy, industry and finance.
- In a separate update, DPIIT reported that over 60% of public grievances had been disposed of as of October 22.