What happened
The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, announced a Memorandum of Understanding (MoU) with Cashfree Payments India Private Limited. The MoU aims to strengthen support for DPIIT-recognised startups by improving access to digital payment infrastructure, financial technology solutions, and capacity-building initiatives.
Under the DPIIT–Cashfree Payments partnership, eligible startups are planned to receive access to:
The DPIIT–Cashfree collaboration also plans structured learning and engagement programmes, including founder workshops, mentoring sessions, AI buildathons, hackathons, and knowledge-sharing programmes.
Key components of the MoU (planned benefits for eligible DPIIT-recognised startups)
The MoU covers both product access and capability-building. Planned support includes:
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