HDFC Bank announced on Tuesday that it plans to disburse ₹20 crore under the FY26 edition of the Parivartan Startup Grants programme, as per PTI reports. The funding is intended for startups working on solutions linked to social and environmental priorities.
The bank said the disbursement will be spread across 10 initiatives during the year.
The FY26 edition will support startups operating in climate innovation, agriculture and sustainable livelihoods, manufacturing and MSME-related innovation, financial inclusion, and gender diversity and inclusion.
The programme will also include select initiatives in emerging areas such as artificial intelligence and deep technology.
The Parivartan Startup Grants programme follows an incubator-led, portfolio-based approach.
Under this structure, partner incubators are responsible for designing the programme, identifying and evaluating startups, and providing mentoring. Incubators also handle monitoring and impact reporting for supported startups.
The Parivartan Startup Grants programme was launched in 2017. Since its inception, it has supported around 500 startups across India.
In FY25, 87 startups received support under the programme. The bank said the initiative is implemented through partnerships with more than 130 incubators nationwide.
According to the bank, cumulative grant funding under the programme has crossed ₹85 crore since launch.
Nearly 40% of the supported startups have come from Tier II and Tier III cities. The programme has been active across multiple regions, including areas outside major metropolitan centres.
HDFC Bank Deputy Managing Director Kaizad Bharucha said the programme works with institutions to support startups addressing identified social and environmental challenges.
He said the focus is on sector-specific engagement, ecosystem development, and building institutional capacity to support startups over time.
As of January 21, 2026, 9:30 am, HDFC Bank share price was trading at ₹928.90, a 0.25% decrease from the previous closing price.
With the planned ₹20 crore allocation for FY26, the Parivartan Startup Grants programme will continue to provide grant support to selected startups through its existing incubator-led framework, covering priority sectors and select emerging technology areas.
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Published on: Jan 21, 2026, 11:49 AM IST
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