New Delhi, Feb. 26 -- The Department for Promotion of Industry and Internal Trade (DPIIT) has signed a Memorandum of Understanding (MoU) with Paytm (One97 Communications Limited) to foster innovation and accelerate the growth of fintech and manufacturing startups in India.

According to DPIIT, this collaboration aims to provide essential support to entrepreneurs, enabling them to scale their businesses and strengthen India's position as a global leader in emerging financial technologies.

Under this partnership, Paytm will offer mentorship, infrastructure support, market access, and funding opportunities, particularly for startups in the fintech hardware sector.

The initiative is designed to equip entrepreneurs with key resources to deve...