Credit Guarantee Scheme for Startups (CGSS) 2022 Guidelines PDF

Credit Guarantee Scheme for Startups (CGSS) 2022 Guidelines PDF download at www.ncgtc.in, check who are eligible borrower, lending / investing institutions, collateral free debt funding to Start Up
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Download PDF of Credit Guarantee Scheme for Startups (CGSS) 2022 Guidelines in Hindi from Sarkari Yojana using the direct download link given at the bottom of this article.
PDF NameCredit Guarantee Scheme for Startups (CGSS) 2022 Guidelines PDF
Last UpdatedOctober 17, 2022
No. of Pages24
PDF Size1.28 MB
LanguageHindi
CategoryPDF
Topic / Tag
Source(s) / CreditsSarkari Yojana
Credit Guarantee Scheme for Startups (CGSS) 2022 Guidelines PDF

Credit Guarantee Scheme for Startups (CGSS) guidelines available in PDF format at www.ncgtc.in. The broad objective of CGSS is to provide guarantee upto a specified limit against credit instruments extended by Member Institutions (MIs) to finance eligible Startups.

Credit Guarantee Scheme for Startups 2022

Credit Guarantee Scheme for Startups would help provide the much needed collateral free debt funding to Startups. Check who are the eligible borrower and eligible lending / investing institutions under CGSS.

Eligible Borrower under CGSS

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
  • Startups that have reached stage of stable revenue stream, as assessed from audited monthly statements over a 12 month period, amenable to debt financing, 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.

Eligible 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).

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