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- Department for Promotion of Industry and Internal Trade and Paytm signed MoU.
- The MoU has been signed to boost innovation, support Fintech & manufacturing Startups.
- The MoU has been signed to foster innovation and accelerate the growth of manufacturing and fintech startups in India.
- The aim of partnership is to support fintech hardware startups through mentorship and innovation guidance.
- It will help them develop and scale payment and financial technology solutions.
- The focus of MoU is also on regulatory and compliance assistance by providing guidance in association with industry and government bodies.
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