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<h1>Memorandum of Understanding expands startup banking support, enabling customised finance, digital services and capacity building to scale startups.</h1> A Memorandum of Understanding between DPIIT and Kotak Mahindra Bank establishes a framework for enhanced financial and non financial support to DPIIT recognised startups, requiring the bank to provide tailored banking solutions (zero balance accounts, working capital and term loans, API banking, digital payments, and startup cards) and to facilitate mentorship, investment advisory, incubation support, networking, capacity building, technology enablement, and market linkages to assist startups from ideation to scale.