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HDFC Bank launches fifth Parivartan SmartUp grants

November 09, 2021

HDFC Bank launches fifth Parivartan SmartUp grants

HDFC Bank opened applications for its fifth edition of SmartUp grants. This annual programme awards funds to social start-ups and incubators under #Parivartan, HDFC Bank’s Umbrella for its CSR. This year the bank has allocated ₹15cr toward SmartUp grants.

The Bank intends to select 12-15 incubators and 50 start-ups working in the ecosystem, healthcare, gender and diversity sectors. The deadline s=to submit applications is the third week of November.

So far, the Bank has disbursed ₹20cr through 22 incubator partners to 90 start-ups cumulatively across segments like agri-business, ed-tech, healthcare and skill development.

For the current year, the bank is proposing 2 different approaches to disburse up to ₹15cr.

Ashima Bhat, Group Head CSR, Business Finance and Infrastructure, HDFC Bank. India needs innovative companies to address needs of the community. We strive to discover & nurture both start-ups and incubators working in focus areas. This is aligned with some of the larger strategic goals of our Parivartan programme.

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