Higher credit guarantee to boost startup funding, R&D: DPIIT

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The revised credit guarantee scheme for startups will further reduce the perceived risks of lending to them, enabling greater financial support to undertake research and development, and creating cutting-edge technologies, an official statement said on Friday. The government on Thursday approved a revised Credit Guarantee Scheme for Startups (CGSS), which increases the ceiling on guarantee cover per borrower from Rs 10 crore to Rs 20 crore. The broad objective of CGSS is to provide guarantee up to a specified limit against credit instruments…



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Higher credit guarantee to boost startup funding, R&D: DPIIT


The revised credit guarantee scheme for startups will further reduce the perceived risks of lending to them, enabling greater financial support to undertake research and development, and creating cutting-edge technologies, an official statement said on Friday. The government on Thursday approved a revised Credit Guarantee Scheme for Startups (CGSS), which increases the ceiling on guarantee cover per borrower from Rs 10 crore to Rs 20 crore. The broad objective of CGSS is to provide guarantee up to a specified limit against credit instruments…



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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