The government has approved amendments to the Credit Guarantee Scheme for Startups(CGSS). The limit of borrower guarantee cover has been increased from Rs 10 crore to Rs 20 crore. This will reduce the risk associated with lending to startups. This will provide more financial support for research and exploration, and cutting-edge technology.
The scheme will help in providing guarantee-free loans to startup companies. DPIIT said that the revised scheme will reduce the risk of financial institutions in lending to startups. Now, the guarantee cover limit has been increased to 85 percent for loans up to Rs 10 crore and 75 percent for loans above this.
Humbly Request To All Visitors!
If you found above both downloading link expired or broken then please must inform admin.
