DPIIT signs MoU with Kotak Mahindra Bank to enhance financial and non-financial support for startups across India.

Key Points

1. MoU signed between DPIIT and Kotak Mahindra Bank on October 23, 2025.
2. The MoU aims to enhance financial and non-financial support for startups across India.
3. Kotak Mahindra Bank will offer zero-balance current accounts for DPIIT-recognized startups.
4. The bank will provide working capital and term loans to startups.
5. API-based banking platforms and digital payment solutions will be offered.
6. Mentorship, investment advisory, and incubation support will be facilitated by Kotak Mahindra Bank.
7. The initiative supports startups from ideation to scale.