CosmicTaco

Government Doubles Credit Guarantee for Startups

CosmicTaco · 2025-05-09T11:16:53.291831+05:30

- The government has increased the maximum guarantee cover under the Startup Credit Guarantee Scheme to INR 20 Cr, up from INR 10 Cr. - Loans under this scheme now have up to 85% guarantee, enhancing startups' access to collateral-free debt funding. - The revised scheme is applicable from May 8, superseding the earlier version from October 2022. - Funding options are available via banks, NBFCs, AIFs, and other registered financial entities. - This move aims to boost startup growth by facilitating easier access to necessary financial resources. Source: [Inc42](https://inc42.com/buzz/centre-approves-revised-credit-guarantee-scheme-for-startups/?itm_source=recommendation&itm_medium=article-sidebar&itm_campaign=trending)

The government has increased the maximum guarantee cover under the Startup Credit Guarantee Scheme to INR 20 Cr, up from INR 10 Cr.
Loans under this scheme now have up to 85% guarantee, enhancing startups' access to collateral-free debt funding.
The revised scheme is applicable from May 8, superseding the earlier version from October 2022.
Funding options are available via banks, NBFCs, AIFs, and other registered financial entities.
This move aims to boost startup growth by facilitating easier access to necessary financial resources.

Source: Inc42