Credit Guarantee Scheme for Startups

Requirements

• Borrower
• The eligibility criteria for an entity to borrow under the Credit Guarantee Scheme for Startups shall be as follows, wherein an entity should be:
• Startup as recognized by DPIIT as per Gazette Notifications issued from time to time, and Startup not in default to any lending/investing institution and not classified as Non-Performing Asset as per RBI guidelines, and Startup whose eligibility is certified by the Member Institution for the purpose of guarantee cover.
• Lending/Investing Institutions
• The eligibility criteria for the lending/investing institutions under the Credit Guarantee Scheme for Startups shall be as follows:
• Scheduled Commercial Banks and Financial Institutions, RBI registered Non-Banking Financial Companies (NBFCs) having a rating of BBB and above as rated by external credit rating agencies accredited by RBI and having minimum networth of Rs. 100 crore. However, it may be noted that in case an NBFC subsequently becomes ineligible, due to a downgrade in the credit rating below BBB, the NBFC shall not be eligible for further guarantee cover till upgradation again to eligible category.
• SEBI registered Alternative Investment Funds (AIFs).
• How to Apply (For Startups)
• Online Application
• Visit the