New Delhi, Dec 17 (PTI) The Department for Promotion of Industry and Internal Trade (DPIIT) on Tuesday said it has inked pacts with HDFC Bank and Tally Solutions to help startups growth.

Under the MoU with the bank, startups will benefit from customised banking and financial products designed to cater to their specific requirements, such as working capital, credit access, and cash flow management.

Also Read | SBI Clerk Recruitment 2024: State Bank of India Releases Notification For 13,735 Junior Associates Post at sbi.co.in, Know Steps to Apply.

Sumeet Kumar Jarangal, Director Startup India, said by leveraging the bank's expertise and resources, DPIIT aims to provide startups with seamless access to financial services and innovative solutions.

"This collaboration will not only effectively combat the critical challenges like funding and financial management but also create a conducive environment for startups to innovate and flourish in a result-oriented manner," he said.

Also Read | Kolkata Fatafat Result Today: Kolkata FF Result for December 17, 2024 Declared, Check Winning Numbers and Result Chart of Satta Matka-Type Lottery Game.

The department has also signed a Memorandum of Understanding (MoU) with Tally Solutions, provider of business management software.

It said that Tally Solutions will offer training, free one-year rental licenses of Tally Prime software for participants, targeted modules covering critical business areas such as accounting principles, tax compliance, marketing strategies, digitisation tools, and investor readiness.

(This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)