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, API-based banking p

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