India, Feb. 26 -- The Centre has reportedly signed an agreement with Vijay Shekhar Sharma-led Paytm to boost innovation and accelerate the growth of manufacturing and fintech startups in the country.

As per PTI's report, the memorandum of understanding (MoU) was signed between the Department for Promotion of Industry and Internal Trade (DPIIT) and Paytm.

Through this partnership, Paytm will provide mentorship, infrastructure support, market access, and funding opportunities to startups, the report said, citing an official statement.

"As part of this collaboration, Paytm will provide mentorship, infrastructure support, market access, and funding opportunities to startups, helping them scale and innovate," the report added.

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