New Delhi, Oct. 23 -- The Department for Promotion of Industry and Internal Trade (DPIIT), under the Ministry of Commerce and Industry, has signed a Memorandum of Understanding (MoU) with Kotak Mahindra Bank Ltd. to enhance financial and non-financial support for startups across India.

According to an official release, this strategic collaboration aims to create a comprehensive framework enabling startups to access customised banking solutions, credit and funding opportunities, digital and payment infrastructure, and capacity-building programs.

The partnership reinforces DPIIT's commitment to nurturing an innovation-led economy and accelerating India's journey toward becoming a global startup hub, the release added.

Under the MoU, Kota...