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hough Start Ups are the engines that Parivartan Start-up Grants programme reaffirms our
power any Nation’s economic growth steadfast commitment to fostering social innovation
they are mostly underfunded being new and driving positive change in our communities.
initiatives with no track record of success
Tto showcase. While they drive innovation Innovation is the key to addressing the development
and generate wealth, they face stiff competition from needs of society. Through strategic collaborations and
established businesses making it difficult for them to targeted investments, we aim to nurture and amplify
survive. the impact of innovative social start-ups across key
sectors, ultimately contributing to a more sustainable
To address this and more HDFC Bank, India’s leading and inclusive future for all.”
private sector bank, recently announced the winners of
its Parivartan Start-up Grants programme for FY2024. The grants were awarded to leading and emerging
incubators such as HTIC at IIT Madras, Awadh at
This year, 41 incubators and accelerators in the field
Funding of social impact entrepreneurship will receive grants IIT Ropar, T-Hub (Hyderabad), FITT – IIT Delhi, RISE
Foundation at IISER (Kolkata), VJTI (Mumbai), Forge
totaling Rs 19.6 crore to support 170 start-ups working
Forward (Coimbatore), NTIBIF at NIFTEM (Kindli).
across specific focus areas.
Most Start Ups Since its inception in 2017, the initiative has been a Some of this year’s high-impact tracks were developed
in association with nodal agencies including RBI-H,
in India being “Start Ups” significant support for over 400 start-ups, handpicked MoFPI, NSDC and Goa Start-up Mission. Through
underfunded, HDFC from 120+ incubators nationwide. these incubators, the recipients of the grants
include innovative start-ups demonstrating social
Parivartan is all set The programme is undertaken in partnership with Atal and environmental impact while creating significant
to bridge the funding to Bolster Innovation Mission, a Government of India initiative economic value-add to the economy.
under NITI Aayog. The focus areas for the 2024
gap by announcing grants include Climate Innovation, Financial Inclusion, Arup Rakshit, Group Head, Treasury, HDFC Bank
funding to start ups Indian Agriculture and Sustainable Rural Economy, Accessible shares, “We are proud to support social start-ups that
and Affordable Healthcare, Education and Livelihood
are driving positive change in our communities. By
from different states Enhancement, Gender Diversity and Inclusion. also supporting incubators and accelerators we are
within the country. The start-ups that have received grants come from committed to developing and strengthening the entire
Economy various states across the including Uttar Pradesh, Tamil Parivartan Start-up Grants, we aim to empower these
start-up ecosystem in India. Through the HDFC Bank
innovative ventures to make a meaningful impact and
Nadu, Karnataka, Rajasthan, Delhi, and Haryana, with
the largest number originating from Maharashtra. Over
a half of the 170 start-ups hail from over 60 tier II/III create a better future for all.”
cities. Truly an initiative representing HDFC Bank’s
unwavering dedication to social responsibility!.
Ms. Nusrat Pathan, Head CSR, HDFC Bank said “Our
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