New Delhi, Oct 23 (PTI) The Department for Promotion of Industry and Internal Trade (DPIIT) on Thursday said it has inked separate pacts with Kotak Mahindra Bank, and Primus Partners to support startups.

The Memorandum of Understanding (MoU) with Kotak Mahindra Bank aims to enhance financial and non-financial support for startups across the country, it said in a statement.

"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," it said.

Under the MoU, Kotak Mahindra Bank will extend a range of dedicated offerings for DPIIT-recognised startups, including zero-balance current accounts, working capital and term loans

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