Credit Boost Plan (Credit Guarantee Scheme for Startups)
Government Scheme run by scheduled and non scheduled banks recognized by startup india. Open pan-India.
Category
Loan
Runs on
scheduled and non scheduled banks recognized by startup india
Applicable for
Pan India
Deadline
Rolling basis
Benefits.
- A. Credit Guarantee Coverage:
- a) Up to 85% of the loan amount for loans up to ₹10 crore.
- b) Up to 75% for loans exceeding ₹10 crore, with a maximum guarantee cover per borrower capped at ₹20 crore.
- B. Annual Guarantee Fee (AGF):
- c) 1% per annum for startups in the 27 Champion Sectors.
- d) 2% per annum for startups in other sectors.
Who qualifies.
- A. DPIIT Recognition: The startup should be recognized by the Department for Promotion of Industry and Internal Trade.
- B. The startup must not be in default to any lending/investing institution and should not be classified as a Non-Performing Asset (NPA) as per RBI guidelines.
- C. A stable revenue stream should be demonstrated through audited monthly financial statements over the past 12 months.
- D. Any other eligibility conditions as prescribed under the CGSS guidelines
Focus sectors.
Sector agnostics
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