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JammuHDFC Bank Parivartan supports social sector start-ups with Rs 19.6 cr grants

HDFC Bank Parivartan supports social sector start-ups with Rs 19.6 cr grants


Jammu Tawi: HDFC Bank, 's leading private sector bank, today announced the winners of its Parivartan Start-up Grants programme for FY2024. This year, 41 incubators and accelerators in the field of social impact entrepreneurship will receive grants totaling Rs 19.6 crore to support 170 start-ups working across specific focus areas.

This year's programme is undertaken in partnership with Atal Innovation Mission, a Government of India initiative under NITI Aayog. The focus areas for the 2024 grants include Climate Innovation, Financial Inclusion, and Sustainable Rural , Accessible and Affordable Healthcare, and Livelihood Enhancement, Gender Diversity and Inclusion.

Nusrat Pathan, Head CSR, HDFC Bank said “Our Parivartan Start-up Grants programme reaffirms our steadfast commitment to fostering social innovation and driving positive change in our communities. Innovation is the key to addressing the development needs of society. Through strategic collaborations and targeted investments, we aim to nurture and amplify the impact of innovative social start-ups across key sectors, ultimately contributing to a more sustainable and inclusive future for all.”

The grants were awarded to leading and emerging incubators such as HTIC at IIT Madras, Awadh at IIT Ropar, T-Hub (Hyderabad), FITT – IIT Delhi, RISE Foundation at IISER (Kolkata), VJTI (Mumbai), Forge Forward (Coimbatore), NTIBIF at NIFTEM (Kindli).

Arup Rakshit, Group Head, Treasury, HDFC Bank said, “We are proud to support social start-ups that are driving positive change in our communities. By also supporting incubators and accelerators we are committed to developing and strengthening the entire start-up ecosystem in India. Through the HDFC Bank Parivartan Start-up Grants, we aim to empower these innovative ventures to make a meaningful impact and create a better future for all.”

The Northlines is an independent source on the Web for news, facts and figures relating to Jammu, Kashmir and Ladakh and its neighbourhood.

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