Promoted in 1995 by Housing Development Finance Corporation (HDFC), India’s leading housing finance company, HDFC Bank is one of India’s premier banks providing a wide range of financial products and services to its 7.1 crore customers across hundreds of Indian cities using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking. Within a relatively short span of time, the bank has emerged as a leading player in retail banking, wholesale banking, and treasury operations, its three principal business segments.
The bank’s competitive strength clearly lies in the use of technology and the ability to deliver world-class service with rapid response time. Over the last 27 years, the bank has successfully gained market share in its target customer franchises while maintaining healthy profitability and asset quality.
As of June 30, 2022, the Bank had a nationwide distribution network of 6,378 branches and 18,620 ATM’s in 3,203 cities/towns. Around 53% of all branches in its national network are now located in semi-urban and rural areas.
Leading Indian and international publications have recognised the bank for its performance and quality.
For more information please log on to: www.hdfcbank.com
About HDFC Bank Parivartan SmartUp Grants
The HDFC Bank Parivartan Smartup Grants was launched in 2017 under the HDFC Bank’s Parivartan and SmartUp Program. The program contributes towards social development in India by supporting emerging innovative startups working in the social space via incubators. Over the 5 cohorts, the program has disbursed ~Rs.32 crore in grants via 45+ incubator partners and a cumulative ~165 Startups have received financial support for developing impactful solutions across the Environment, Agri Business, Education, Waste Management, Healthcare, Skill Development and Gender Diversity & Inclusion.
During FY 2022–23, the HDFC Bank Parivartan Smartup Grants intend to provide grant assistance to 15-20 incubators affiliated with various Government agencies (as per Schedule VII (ix) under Section 135 of Companies Act, 2013) and non-profit incubators (CSR Eligible) to further support 40-50 potential social impact startups.
DETAILED ELIGIBILITY CRITERIA
Eligibility Criteria and Documentation Required during submission:
How to apply?
i. Incubators and Accelerators need to submit online application form on Startup India portal.
ii. Applicants must upload proposal and all required supporting documentation at the same time as the rest of your application.
iii. Application form template and prescribed proposal format can be downloaded using this link: Download Application Form and Proposal Template
1. Eligibility Criteria: Non-profit incubators (CSR Eligible) or Incubators and Accelerators or entities eligible as per provisions in Schedule VII (ix) under section 135 of the Companies Act, 2013:
(a) Contribution to incubators or research and development projects in the field of science, technology, engineering and medicine, funded by the Central Government or State Government or Public Sector Undertaking or any agency of the Central Government or State Government; and
(b) Contributions to public funded Universities; Indian Institute of Technology (IITs); National Laboratories and autonomous bodies established under Department of Atomic Energy (DAE); Department of Biotechnology (DBT); Department of Science and Technology (DST); Department of Pharmaceuticals; Ministry of Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homoeopathy (AYUSH); Ministry of Electronics and Information Technology and other bodies, namely Defense Research and Development Organisation (DRDO); Indian Council of Agricultural Research (ICAR); Indian Council of Medical Research (ICMR) and Council of Scientific and Industrial Research (CSIR), engaged in conducting research in science, technology, engineering and medicine aimed at promoting Sustainable Development Goals (SDGs),
2. Documents Required to qualify for CSR Grants:
i. CSR 1 Registration,
ii. 80G and 12 A certifications,
iii. Entity Registration Certificate,
v. Audited Financials for past 3 years,
3. Other Supporting Information:
Proposal in prescribed format, Experience of managing programs for social impact startups, Full time Managing team etc.
Awards:- Fiscal Incentives
Selected Incubator/Accelerator to receive grants for further capital infusion in the associated social impact startups.