India’s Department for Promotion of Industry and Internal Trade (DPIIT), which comes under the commerce ministry, has signed a deal with private lender Yes Bank to support product startups, innovators, and entrepreneurs, a statement said.
The partnership will leverage DPIIT’s Startup India initiative and the lender’s financial expertise to facilitate market linkages, funding access, mentorship, and infrastructure support for early-stage ventures.
Startups will gain from the bank’s Head Startup program, which offers banking and financial solutions that include working capital, credit access, and cash-flow management, the statement said, adding that they will gain access to the lender’s extensive network, strategic partnerships, and industry expertise.
DPIIT joint secretary Sanjiv said “partnerships like these play a crucial role in driving innovation-led growth.”
The deal was signed by DPIIT director Sumeet Jarangal and Yes Bank zonal head Rohit Aneja.
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