Archive · 21 Jan 2026
HDFC Bank to Disburse ₹20 Crore to Startups by March 2026
HDFC Bank is giving ₹20 crore to startups by March 2026.
This money is part of a program called Parivartan Startup Grants, which helps new businesses that solve social and environmental problems.
The program supports 10 different projects in areas like climate change, farming, and technology.
Since 2017, the program has helped about 500 startups, with 40% of them coming from smaller cities.
The bank works with special groups called incubators to find and support these startups.
Meanwhile, the Haryana Government is also focusing on startups.
They are setting up AI hubs in Gurugram and Panchkula and providing financial aid to startups.
They want to make Haryana a hub of innovation and are encouraging startups in smaller districts too.
HDFC Bank plans to disburse ₹20 crore under the Parivartan Startup Grants programme by March 2026.
The programme will support 10 strategic initiatives across priority sectors including climate innovation, agriculture, and AI.
The programme follows an incubator-led, portfolio-based model for startup support.
Since 2017, the programme has supported about 500 startups, including 87 in FY25.
Cumulatively, the programme has deployed over ₹85 crore in grant funding, with 40% of supported startups originating from Tier II and Tier III cities.
- Who
- HDFC Bank and Haryana Government
- What
- Disbursement of ₹20 crore to startups and establishment of AI missions and incubation centers
- When
- By March 2026 for HDFC Bank; Budget 2025–26 for Haryana
- Where
- India (HDFC Bank nationwide; Haryana for government initiatives)
- Why
- To support social impact-driven innovations and promote startup culture and AI development
Startup Support
Government Initiatives
Funding and Support
Startup Support
HDFC Bank is providing ₹20 crore to support 10 strategic initiatives in sectors like climate innovation, agriculture, and AI.
Government Initiatives
The Haryana Government is establishing the ‘Haryana AI Mission’ with World Bank assistance and providing financial aid to startups.
Geographical Focus
Startup Support
40% of supported startups originate from Tier II and Tier III cities.
Government Initiatives
Haryana aims to extend startup culture beyond big cities through district-level entrepreneurship competitions.
Innovation Hubs
Startup Support
HDFC Bank follows an incubator-led, portfolio-based model for startup support.
Government Initiatives
Haryana plans to set up AI hubs in Gurugram and Panchkula and establish incubation centers in industrial estates.
- Amount to be disbursed
- ₹20 crore
- Programme Name
- Parivartan Startup Grants
- Number of Initiatives
- 10
- Priority Sectors
- Climate innovation, agriculture, sustainable livelihoods, manufacturing, MSME innovation, financial inclusion, gender diversity, AI, deep technology
- Model
- Incubator-led, portfolio-based
- Startups Supported Since 2017
- 500
- Startups Supported in FY25
- 87
- Total Grant Funding Deployed
- ₹85 crore
- Percentage from Tier II/III Cities
- 40%
- Haryana AI Mission Funding
- ₹474 crore
- Haryana State Research Fund
- ₹20 crore
- Fund of Funds
- ₹2,000 crore
- Financial Assistance per Startup in Haryana
- ₹10 lakh
- Financial Assistance to 22 Startups
- ₹1.14 crore
- District Entrepreneurship Competitions Funding
- ₹1 lakh per selected team
