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Credit Guarantee Scheme for Startups

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More Info
www.startupindia.gov.in
Organization
Department for Promotion of Industry and Internal Trade
Fund type
Other
Source
Government
Status
Active
Focus area
Biotech, Medtech, Health & rehabilitation | Agriculture, food and nutrition | Cleantech, energy, environment, waste, sanitation | Automation, mobility | Hardware, software, IOT, data, AI, ML | Industrial Products | Material Tech, textiles | Space and Aviation | Edtech, Fintech | Other sectors | Electric vehicles
Target
Limited Liability Partnership, Private Limited Company
Fund range
< Rs. 10 lakhs | Rs. 10 lakhs- Rs. 25 lakhs | Rs. 25 lakhs- Rs. 50 lakhs | Rs. 50 lakhs- Rs. 2cr | Rs. 2 cr- Rs. 10 cr | Greater than Rs. 10 cr
Fund stages
D. Technology Scale-up/ Validation / De-risking | E. Market Entry | F. Expansion

The maximum amount of debt (fund based or non-fund based facilities) eligible for guarantee cover under the scheme is Rs. 20 crore per borrower, irrespective of the amount of debt facilities extended to the borrower by MI(s). The debt facilities available for guarantee cover would be net of the value of collateral, i.e., if the total debt facilities to a borrower is Rs.15 crore against which it has provided collateral (valued highest by the MI at Rs. 8 crore)

Purpose

The Credit Guarantee Scheme for Startups (CGSS) is aimed at providing credit guarantee up to a specified limit against loans extended by Member Institutions (MIs) to finance eligible borrowers viz. Startups as defined in the Gazette Notification issued by the Department for Promotion of Industry and Internal Trade (DPIIT) and amended from time to time.