Under Credit Guarantee Scheme For Startup, Rs 10 Crore Loans Allowed

With the announcement of the Indian government's credit guarantee scheme for startups (CGSS) many companies will get. The CGSS scheme will provide credit guarantees of up to Rs 10 Cr against startup loans that lending institutions issue.  Under this scheme, the government aims to offer the said credit guarantee (for startups) to lending institutions including banks, financial institutions, NBFCs and alternative investment funds (AIFs).