HDFC Bank and ICCI Join Hands to Support SMEs, Start-ups

HDFC Bank stated that it will offer key business support functions such as shared workspaces, digital marketing, web services, patent filing, content writing, tax, and legal advisory to ICCI-recommended businesses.

ICCI will review and examine the overall profile of the businesses such as their background, potential worthiness, and investment worthiness. It will also sensitise the investor network to listed SME-start-ups and curate start-ups.

ICCI will evaluate and recommend potential start-ups /SMEs /MSMEs for investments

ICCI (Inventivepreneur Chamber of Commerce and Industries), in its endeavour to support SMEs (small and medium enterprises) and start-ups, has signed an MoU with HDFC Bank.

According to the official release, through this association, ICCI will engage, enroll, and support various start-ups /SMEs /MSMEs to facilitate inter-alia financial and other facilities to/from HDFC Bank.

HDFC Bank may offer bank accounts to start-ups that are supportedand recommended by ICCI.

In the joint statement, the organisations mentioned that ICCI will evaluate and recommend potential start-ups /SMEs /MSMEs for investments. ICCI will further support businesses to pitch their solutions to requisite stakeholders, and will work towards providing them an opportunity to showcase their solutions.