Centre Approves Revised Credit Guarantee Scheme For Startups

Maximum guarantee cover per borrower under the Credit Guarantee Scheme for Startups has been increased to INR 20 Cr from INR 10 Cr, with up to 85% guarantee on loans

The Department for Promotion of Industry and Internal Trade (DPIIT) said that this notification supersedes the earlier notification dated October 6, 2022 on the scheme and comes into effect from May 8

The scheme aims at improving access to collateral-free debt funding to startups via banks, NBFCs, AIFs and other…