DPIIT Signs Five MoUs to Boost Startups' Access to Tech, Payments and Markets
The pacts aim to speed startup scaling across urban and non‑urban India by linking recognised firms to private cloud platforms, payments tools, mentorship, investment preparation, global market channels.
Overview
- The Department for Promotion of Industry and Internal Trade announced on Saturday, August 8, 2026, that it has signed MoUs with Cashfree Payments, Darwin Dynamics, Vultr India, Cars24 Services and the Council for Startup India to expand support for DPIIT‑recognised startups.
- Under the Cashfree pact, eligible startups will get secure payment and payout systems, identity verification and fraud‑risk tools plus preferential onboarding and capacity‑building through workshops, hackathons and mentoring.
- The Vultr agreement promises cloud credits, discounted pricing, technical support and training on cloud services such as storage, databases and Kubernetes to help startups build and scale applications.
- Darwin Dynamics will run regional incubation and mentorship to reach Tier II, Tier III and rural founders and push innovation in clean energy, green hydrogen, AI, climate technologies and advanced manufacturing.
- The Council for Startup India deal focuses on investment readiness, CFO matchmaking, corporate links and routes to international markets, while DPIIT says specific funding levels, eligibility rules and rollout timelines will be announced later which will determine how many startups actually benefit.