Credit Guarantee Scheme for Startups functions under the trusteeship management of the National Credit Guarantee Trustee Company. To give a boost to the startup industry, the Government of India announced this scheme. It is not easy for an entrepreneur to set up a business/company. The two significant difficulties faced by them is lack of adequate funding and high-risk perception of the banks towards them. To ease the challenges faced by them, the Government launched this scheme.
This scheme is launched with a contribution of Rs.2000 crore, to enable the startups to obtain collateral-free loans to start their business. A guarantee cover is provided under this scheme for an agreed period upon the credit facility. A credit guarantee of maximum Rs.5 crore is offered to every eligible beneficiary, which includes assistance such as working capital, debentures, term loan, venture capital, etc.
Ayoneeza Intellectual Property Rights Consultant providing expert advice and implementation on Credit Guarantee Scheme for Startups (CGSS). Since its inception, the company has made a distinct mark for itself with its quality of service. It has helped many top-notch companies in settling or providing Credit Guarantee Scheme for Startups (CGSS). Backed by a team of think tanks from different walks of life it has helped various companies in getting their own brands.
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