HDFC bank announced its launch sixth annual scholarships program for social startups in partnership with a flagship initiative of the Government of India “Starting India”. Known as Parivartan SmartUp Grantsthe program aims to identify startups operating in the space of social influence and support them through cash grants for their incubators.
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HDFC social initiatives:
The grants were awarded under the aegis of Parivartan, the umbrella name for the bank’s social initiatives. Bank so far over INR 30 crore paid out to over 45 incubators that have supported over 165 startups operating in areas such as environment, agribusiness, ed-tech, waste management, healthcare and skills development.
This year’s goal:
This year, the bank will also focus on building the potential of incubators and startups work in 2nd and 3rd degree cities. Through selected incubator partners, the bank will finance social impact start-ups developing solutions in the areas of environmental protection, affordable healthcare, sustainable rural economy, technologies for better governance, SME growth, gender diversity and inclusive spaces.
His starting fund:
The bank enables its start-ups the most modern program SmartUpwhich provides specialized banking services and value-added services for entrepreneurs. It aims to help startups achieve their goals through well-known and highly advanced smart financial tools, advisory services and bank technology.
The scope of these initiatives:
Through various CSR initiatives, he has influenced people’s lives over 9.6 crore people nationwide. His goal was to achieve positive changes in people’s lives through direct and indirect interventions through Parivartanenabling them to become self-sufficient and integrated into society. Announcing a partnership with Startup India for Sixth Parivartan SmartUp Grants that would help socially conscious businesses achieve their vision and mission.