IndusInd Bank signs MoU with DPIIT to boost India's startup ecosystem
Under this partnership, IndusInd Bank will offer a range of customized financial services to DPIIT-recognised startups, including:
Advertisement
Cash management services
Working capital solutions
Credit facilities tailored to startup needs
A major feature of this collaboration is improved access to funding through the Credit Guarantee Scheme for Startups (CGSS). The scheme enables eligible startups to secure collateral-free loans with a raised guarantee cover of up to ₹20 crore.
In addition, guarantee fees for debt funding have been reduced in 27 Champion Sectors, helping reduce the cost of capital and improve credit accessibility for businesses in key industries.
The initiative aims to strengthen the financial ecosystem for startups, enabling easier access to credit and financial tools. This collaboration is expected to help early-stage ventures invest in advanced technologies and manufacturing processes.
This MoU represents a focused approach to bridging the gap between policy support and financial infrastructure for startups in India.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Upturn
17 hours ago
- Business Upturn
Nifty top gainers today, July 11: Hindustan Unilever, SBI Life, IndusInd Bank, Axis Bank and more
Indian stock markets ended lower on July 11, with benchmark indices slipping into the red. The BSE Sensex dropped 689.81 points or 0.83% to settle at 82,500.47, while the NSE Nifty 50 slipped 205.40 points or 0.81% to close at 25,149.85. However, despite broad-based selling pressure, a few Nifty 50 stocks managed to buck the trend and ended with gains. Below is a detailed look at the top gainers of the Nifty 50 (as per Trendline) for the day. Nifty 50 Top Gainers on July 11 Hindustan Unilever closed at ₹2521.8, up 4.7%. SBI Life Insurance ended at ₹1835.1, rising 1.4%. IndusInd Bank settled at ₹858.3, gaining 0.6%. Axis Bank closed at ₹1171.7, up 0.6%. Sun Pharmaceutical ended at ₹1672.3, rising 0.6%. Kotak Mahindra Bank finished at ₹2215.3, gaining 0.5%. Cipla closed at ₹1485.0, up 0.5%. NTPC ended at ₹342.1, rising 0.2%. Tech Mahindra closed at ₹1601.4, up 0.1%. State Bank of India finished at ₹808.6, gaining 0.1%. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Axis BankHindustan UnileverIndusInd bankSBI LifeStock Market Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Upturn
2 days ago
- Business Upturn
Nifty top gainers today, July 10: IndusInd Bank, Maruti Suzuki, Tata Steel, Bajaj Finance and more
By Aman Shukla Published on July 10, 2025, 15:36 IST Indian stock markets ended the day in the red on July 10, with both benchmark indices slipping amid broad-based selling pressure. The Sensex closed 345.80 points lower at 83,190.28, while the Nifty50 dropped 120.85 points to end at 25,355.25. Despite the negative sentiment across sectors, a handful of heavyweight Nifty 50 stocks managed to buck the trend and closed in positive territory. Below is a detailed look at the top gainers of the Nifty 50 (as per Trendline) for the day. Nifty 50 Top Gainers on July 10 IndusInd Bank closed at ₹853.9, up 1.6%. Maruti Suzuki ended at ₹12,644.0, rising 1.4%. Tata Steel settled at ₹160.6, gaining 1.0%. Bajaj Finance finished at ₹946.9, up 0.7%. Jio Financial Services closed at ₹331.9, up 0.6%. Bajaj Finserv ended at ₹2,037.3, advancing 0.5%. Tata Motors closed at ₹695.5, up 0.4%. Tata Consultancy Services finished at ₹3,395.0, adding 0.3%. Hindalco closed at ₹675.9, up 0.3%. JSW Steel ended at ₹1,042.9, with a 0.2% gain. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Bajaj FinanceIndusInd bankMaruti SuzukiNiftyTata Steel Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Insider
4 days ago
- Business Insider
Johnvents Group hosts stakeholders at first investor forum, framing a decade of growth and strategic direction
Johnvents Group, a leading indigenous agribusiness and manufacturing group, hosted its maiden investor forum on Friday, June 28, 2025, in Lagos, welcoming stakeholders from the capital market, agribusiness, and financial institutions. The event spotlighted the company's growth trajectory and its strategic focus on sustainability, value creation, and industrial transformation. From a modest grassroots initiative in 2014 aimed at empowering smallholder farmers, Johnvents has grown into one of Nigeria's most ambitious and integrated agribusiness companies. The forum served as a platform for the company to connect with stakeholders and walk them through a trajectory defined by audacious moves, sustainable expansion, and deep market credibility. At the forum, John Alamu, the Group Managing Director of Johnvents Group, expressed pride in being a Nigerian-grown business that makes a global impact. He stated, 'Since acquiring our first factory in 2021 and transforming into a transnational business group with a presence in Africa, Asia, and the UAE, we have remained dedicated to creating value at the source.' With four factories across four Nigerian states and a growing international footprint through its DMCC-registered global trading subsidiary, Johnvents currently exports premium cocoa derivatives to Europe, the UK, the US, the UAE, and Asia. It boasts an installed cocoa processing capacity of 48,000 metric tonnes annually and sources directly from over 10,000 trained farmers. Johnvents' credibility in the capital market is backed by its BBB+ credit rating from all three SEC-recognised agencies in Nigeria: GCR, Agusto & Co., and DataPro, reinforcing its transparency, governance structure, and consistent performance. In a leadership presentation by Dr. Yemisi Shittu, Group Executive Director of CapitalSage Holdings, the parent company of Johnvents Group, Dr. Shittu highlighted the company's long-term investment in value creation, innovation, and sustainability. 'Through our sustainability initiatives, Rainforest Alliance certification, and collaboration with industry partners, we are ensuring that the cocoa we process uplifts the land, farmers, and the global markets we serve.' The forum concluded with an interactive session and networking opportunities that sparked conversations about inclusive growth, private-sector collaboration, and the future of agribusiness in Nigeria. This event marked a significant step in strengthening Johnvent's engagement with stakeholders and reaffirming its commitment to building a sustainable and globally competitive agricultural value chain.
