Ministry of Commerce and Industry
The Credit Guarantee Fund Scheme for Startups (CGSS) is a central government scheme administered by DPIIT (Department for Promotion of Industry and Internal Trade) and operationalised through NCGTC (National Credit Guarantee Trustee Company). It provides credit guarantees to Member Lending Institutions (MLIs) for loans extended to DPIIT-recognised startups, enabling them to access formal credit without collateral. The guarantee cover ranges from 75% to 85% of the loan amount, with maximum guarantee per startup capped at ₹10 crore. This scheme helps startups, including MSME-stage startups, overcome the challenge of lack of collateral and credit history when seeking institutional finance.
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Get DPIIT Startup Recognition
Register on Startup India portal (startupindia.gov.in) and obtain DPIIT recognition certificate for your startup.
Identify a Member Lending Institution (MLI)
Approach any scheduled commercial bank, NBFC, or other financial institution empanelled as MLI under NCGTC for CGSS.
Apply for Loan at MLI
Submit loan application to the MLI with your DPIIT recognition certificate, business plan, financial projections, and KYC documents.
MLI Processes Guarantee Request
The MLI, upon sanctioning the loan, applies to NCGTC for credit guarantee cover under CGSS on behalf of the startup.
Loan Disbursement
After guarantee approval by NCGTC, the MLI disburses the loan to the startup without requiring collateral from the borrower.