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Home Business Banking

SmartUp Program: HDFC Bank Signs MoU with Karnataka Govt at 25th edition of Bengaluru Tech Summit

by Nav Jeevan
3 years ago
in Banking, Bengaluru, Breaking News, Business, Capital Market, Karnataka, MSMEs, National, Startups
Reading Time: 2 mins read
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SmartUp Program: HDFC Bank Signs MoU with Karnataka Govt at 25th edition of Bengaluru Tech Summit

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  • To provide banking and financial services to startups registered with karnataka Startup Cell
  • The program is also in line with the Government of India’s ‘Startup India’ initiative.
  • HDFC Bank has been a key Banking partner to the winning startups at Karnataka Government’s flagship startup event, Elevate, for the last 3 years.

NE BUSINES BUREAU

BENGALURU, NOV 19

Private sector banking behemoth HDFC Bank on Thursday signed a Memorandum of Understanding with Karnataka Innovation and Technology Society (KITS), Government of Karnataka. As per the MoU, HDFC Bank is to provide banking and financial services to startups registered with ‘Karnataka  Startup Cell’ under HDFC Bank’s ‘SmartUp Program.’

The MoU  was signed at the 25th edition of Bengaluru Tech Summit. Meena Nagaraj CN, IAS, Managing Director, Karnataka Innovation and Technology Society (KITS) and  Ahmed Zackaria, Branch Banking Head South, HDFC Bank signed the MoU in the presence of other State Government officials. From HDFC Bank, Rajnish Barua, Zonal Head, Branch Banking and Mithun John, Startup Vertical Head, were present.

HDFC Bank MyBusiness is the stepping stone to any entrepreneur's success as it gives your business venture easy access to loans, digital solutions and business knowledge. Happy Entrepreneurship Day.#HDFCBank #NationalEntrepreneurshipDay #MyBusiness #HDFCBankLoans pic.twitter.com/bF9LR19ce1

— HDFC Bank (@HDFC_Bank) November 9, 2022

‘SmartUp Program’ is HDFC Bank’s flagship initiative to promote the start-up ecosystem in the country. The program aims to assist start-ups in achieving their goals through the bank’s well renowned and highly advanced smart financial tools. The program is also in line with the Government of India’s ‘Startup India’ initiative.

The Bank has been closely associated with KITS  and is  now glad to formalize the partnership through this MoU. HDFC Bank has been a key Banking partner to the winning startups at Karnataka Government’s flagship startup event, Elevate, for the last 3 years. The bank has organised multiple angel investment workshops to build awareness in partnership with KITS with  the most recent one being held  earlier this month.

Ahmed Zackaria, Branch Banking Head South HDFC Bank said, “HDFC Bank is committed to nation building and it is our endeavor to support the start-up ecosystem in the country. The SmartUp Program is our sincere effort to provide complete end -to- end support to the startups in achieving their goals and growing big. We are excited to join hands with KITS in facilitating startups with a comprehensive solution for their banking needs. Together, we hope to continue our objective of promoting the startup-ecosystem in the country.”

Tags: 25thatbankbengaluruedition ofgovtHDFCKarnatakaProgramsigns MoUSmartUpsummittechwith
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