HDFC Bank Limited, having its
registered office situated at HDFC Bank House, Senapati Bapat Marg, Lower
Parel, Mumbai, is inviting the applications from Eligible Startups (Defined
hereinafter) to offer and disburse to the Eligible Startups, the Corporate Social
Responsibility (CSR) grants (“CSR Grants”) of such amounts as may be specified
by HDFC Bank and subject to such terms and condition under the CSR initiative
of the Bank to enable the Eligible
StartUps who are associated in the various fields of Ed- Tech, Livelihood &
Skilling, with a focus on entrepreneurship and self-employment.
CSR Grants shall be solely at the
discretion of HDFC Bank subject to fulfillment of such additional terms and
conditions as may be specified by HDFC Bank from time to time. The broad terms
and conditions under which the HDFC Bank shall consider the proposals of the
Eligible Startups for CSR Grants shall be as under:
Eligible
Startup : In order to be qualified to avail the CSR Grant, the Start Up shall
be required to comply the below conditions to be treated as “Eligible Startup”:
1. The Startup shall be:
a) Upto a period of ten years from the
date of incorporation/ registration, if it is incorporated as a private limited
company (as defined in the Companies Act, 2013) or registered as a partnership
firm (registered under section 59 of the Partnership Act, 1932) or a limited
liability partnership (under the Limited Liability Partnership Act, 2008) in
India;
b) working towards innovation,
development or improvement of products or processes or services, or if it is a
scalable business model with a high potential of employment generation or
wealth creation.;
2. Startups shall belong to one of the two
sectors i.e. i) Education Technology or ii) Skill Development;
3. Startup shall be associated with any
one of the 9 Incubators as listed by HDFC Bank Limited on the Ministry of
Information and Technology (Meity) platform or the Startup shall be allocated
their preferred incubator as per the availability and on first come first serve
basis.
HDFC Bank Limited shall at its
sole discretion select the Startup if the Startup fulfils the conditions of the
above-mentioned eligibility criteria and the Startup shall not raise any
objections on the selection. HDFC Bank shall have the right to reject any or all applications for CSR
Grants without assigning any reason and without incurring any liability. The
decision of HDFC Bank Limited shall be final and binding.
The Startup also acknowledges and consents that the
information / data (Name/ Address / Contact details / Email ID etc.) provided
by the Startup on the Meity platform, will be stored and accessed by Meity. Any
information / data provided or furnished by the Startup in response to this
offer and the information / data being filled in the Application form, which shall
be evaluated by HDFC Bank or it’s service providers, affiliates, and HDFC Bank
may use any such data to contact and communicate to the Startup any details
pertaining to the CSR grants being distributed and the Bank representative may
call them in respect of the information furnished by them or seek more inputs
clarity from them as to information furnished /data or details submitted.
HDFC
Bank/ Incubator Partners as listed by HDFC Bank on Meity shall have the right
to request for any further information/documentation from the Startup and the
Startup shall mandatorily provide such documentation at the earliest.
CSR grants
shall be subject to the T & C’s as may be specified by the Bank from time
to time. HDFC Bank Limited has right to amend the T & C’s at any time
without giving any prior notice and the Startups agrees to abide by the same
and all the changes that may be made in respect of the same from time to time.
All
disputes, claims and demands arising out of the registration / participation /
judgement in the application and selection of the Startup process shall be
referred to and finally resolved by arbitration by Sole Arbitrator who shall be
appointed by both the parties mutually agreed in accordance with the
Arbitration and Conciliation Act, 1996 and amendments made thereof. The seat of
arbitration shall be in Mumbai, India.
BY APPLYING TO THE CSR PROGRAM, YOU AGREE THAT YOU
HAVE READ, UNDERSTOOD AND AGREED TO BE BOUND BY THESE TERMS AND CONDITIONS
HEREIN.
