Centre Approves Revised Credit Guarantee Scheme For Startups

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SUMMARY

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…



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We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Centre Approves Revised Credit Guarantee Scheme For Startups


SUMMARY

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…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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