HDFC Bank Launches Parivartan Startup Grants: A Boost for Social Impact Startups

HDFC Bank, based in Mumbai, India, has unveiled the eighth edition of its Parivartan Startup Grants programme.

This initiative is designed to support startups making a positive impact on society, offering them the resources they need to grow and scale.

It’s a vital part of the bank’s ongoing commitment to fostering social good and innovation across India.

What’s New This Year

This year, the programme is bigger than ever, with over 15 incubators and accelerators joining forces to support 50 to 60 social impact startups.

These organizations will help nurture and grow these ventures, which aim to address some of the most pressing challenges in society.

In total, the programme will offer grants of up to ₹50 lakh for each selected startup, with an overall funding pool of ₹20 crore.

It’s a significant opportunity for entrepreneurs working on solutions for social, environmental, and economic issues.

Key Partners and Incubators

HDFC Bank has teamed up with well-established incubators and accelerators, including IIT Madras, IIM Ahmedabad Ventures, Villgro, and ICAR Pusa Krishi, among others.

These partners will play a key role in identifying and supporting high-potential startups.

Over the coming months, these incubators will call for applications from social entrepreneurs across India.

The programme will culminate in “Demo Day” events, offering startups a platform to showcase their solutions to HDFC Bank, investors, corporate partners, and the media.

This exposure will help open doors for additional funding, partnerships, and growth.

Areas of Focus for FY25

The Parivartan Startup Grants programme for FY25 will focus on a range of key social issues:

AI for Social Good
Climate Innovation
Financial Inclusion
Agriculture and Sustainable Rural Economy
Education and Livelihood Enhancement
Gender Diversity and Inclusion

These focus areas align with the broader goals of creating a more sustainable and inclusive society.

The selected startups will come from various regions of India, such as Maharashtra, Tamil Nadu, Uttar Pradesh, Delhi, and many others, reflecting the programme’s nationwide reach.

About HDFC Bank’s Parivartan Initiative

Parivartan, HDFC Bank’s Corporate Social Responsibility (CSR) initiative, is dedicated to

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