Chennai: HDFC Bank has announced that 25 start-ups will be receiving its #Parivartan Grants, with the bank disbursing Rs 10 crore in the first phase.

According to a release, #Parivartan Grants aim to help the start-ups working in the social sector to offer unique solutions that bring a sustainable change.

Parivartan Grants have been offered not just to start-ups based in Mumbai, Pune and Delhi, but also from Jamshedpur, Kalahandi in Odisha, Kochi, Tiruvanathapuram, Hyderabad to name a few, it added.

“Parivartan Grants is our commitment to bring long-term positive change in the society we operate in. We are happy to announce that the start-ups identified for this grant are in line with one of our core values of the Bank – sustainability. Through our dynamic start-up fund, we will scale up on a consistent basis and invest in ideas that build value. This is the first phase, and we will continue to work with our partners to build a strong pipeline of social start-ups whom we can support,” said group head, CSR, HDFC Bank, Ashima Bhat.