Electronics Ministry, TN govt to jointly build start-up fintech centre

Centre will be set up under STPI's present incubation programme TechNEST, will function in a two-tier mechanism for monitoring and operations

Ministry of Electronics & Information Technology (MeitY) is setting up a Centre of Excellence (CoE) for FinTech at Software Technology Parks of India (STPI), Chennai, in association with the Electronics Corporation of Tamil Nadu (ELCOT), Govt of Tamil Nadu to support start-ups in the sector. The Tamil Nadu Government has issued an Order to support the initiative and allocated it share of funds to go ahead with the Rs 23-crore project.

The objective of the CoE is to give start-ups access to facility, technology, mentorship and support to help them kickstart their business in the area of FinTech. The proposed