The government has asked public sector banks (PSBs) to step up lending to startups. They have been asked to collaborate with educational institutions and incubation centres to identify and monitor early-stage startups to establish formal banking linkages, said people familiar with the development.
“These issues were a part of the discussion during the performance review meeting of banks in June,” said an official who didn’t want to be identified. “We have asked banks to look at other measures, including specialised branches, to ensure that…