In a strategic move to accelerate India’s startup landscape, the Department for Promotion of Industry and Internal Trade (DPIIT) has signed a Memorandum of Understanding (MoU) with YES BANK. This collaboration aims to empower product startups, innovators, and entrepreneurs by providing essential financial and infrastructural support.

The partnership will integrate DPIIT’s Startup India initiative with YES BANK’s financial expertise, enabling early-stage ventures to access funding, mentorship, and market linkages. Startups will benefit from YES BANK’s HeadStartup program, which offers tailored banking solutions, including working capital, credit access, and cash flow management. Additionally, they will gain access to the bank’s vast network, strategic alliances, and industry insights to facilitate business expansion and investment opportunities.

Highlighting the importance of this initiative, Joint Secretary, DPIIT, Shri Sanjiv, stated, “India’s startup and manufacturing ecosystem is at a pivotal stage, and such collaborations are key to fostering innovation-led growth. This partnership with YES BANK will provide emerging startups with the necessary tools and opportunities to scale successfully.”

The MoU was officially signed by DPIIT Director, Dr. Sumeet Jarangal, and YES BANK Zonal Head, Rohit Aneja, in the presence of senior officials from both organizations. This agreement marks a significant step toward building a resilient and self-sustaining startup ecosystem in India.