DPIIT Signs Five MoUs to Boost Startups
Why in the news
The department behind India’s startup policy has tied up with five organisations to give young firms more support, with a special push beyond big cities.
Key facts
- Signing agency: DPIIT.
- Number of MoUs: five.
- Partners: Cashfree Payments, Darwin Dynamics, Vultr India, Cars24, Council for Startup India.
- Support areas: digital infrastructure, technology, mentorship, investment and global market access.
- Regional focus: Tier-II, Tier-III and rural regions.
Significance
- Widens the startup base beyond metros by reaching smaller towns and rural areas.
Exam angle
- Agency to remember: DPIIT.
- Number of partner MoUs: five; one partner is the Council for Startup India.
- Likely question: which regions are being targeted (Tier-II, Tier-III and rural).