Silicon Valley Bank Case: MoS IT Rajeev Chandrasekhar asks startups to explore ways to use the Indian banking system
In Tuesday's meeting, the MoS said that the government is exploring new avenues to support entrepreneurs. And added that the government will work with banks and stakeholders to encourage the development of innovative credit products. The step is poised to provide startups and VCs with more financing options.
Some of the startups shared that they were able to move their funds to US-based banks, but are exploring ways to shift their account to safer destinations. Pic credit: Twitter/@GoI_MeitY