365Telugu.com online news ,Mumbai, May 20, 2025: IndusInd Bank has entered into a strategic Memorandum of Understanding (MoU) with the Department for Promotion of Industry and Internal Trade (DPIIT) to foster innovation and accelerate the growth of India’s startup ecosystem.
This partnership leverages the strengths of DPIIT’s Startup India initiative along with IndusInd Bank’s robust financial capabilities to offer tailored support to startups, entrepreneurs, and innovators across the country.
Under the collaboration, DPIIT-recognised startups will gain access to customized banking solutions, including cash management services, working capital support, and credit facilities. A major highlight is the provision of collateral-free loans with enhanced guarantee coverage of up to ₹20 crore under the Credit Guarantee Scheme for Startups (CGSS). Furthermore, guarantee fees for debt funding in 27 identified Champion Sectors have been reduced, easing credit access for high-potential ventures.
The initiative aims to establish a comprehensive financial and policy-backed ecosystem to empower startups in scaling operations, adopting advanced technologies, and becoming globally competitive.
By combining financial innovation with strategic policy support, this MoU marks a critical step in nurturing future unicorns and positioning India as a global leader in entrepreneurship and innovation.