CGSS Loan

To foster the growth of start-ups in India, the Department for Promotion of Industry and Internal Trade (DP/IT), Ministry of Commerce and Industry, GOl   introduced Credit Guarantee Scheme for Start-ups (CGSS). This scheme is being implemented and monitored by National Credit Guarantee Trustee Co. Ltd (NCGTC), a wholly owned trustee company of GOI.

 

Features

For credit facilitates extended to Start-ups, the NCGTC shall provide Transaction-based guarantee cover to Banks wherein Banks are also allowed to obtain collateral security from the borrower. However, NCGTC guarantee shall be limited to outstanding limit less the value of collateral security. For this scheme, Guarantee fee @ 2% p.a. on sanction amount is to be paid. For units from North-East Region and Woman entrepreneurs, the guarantee fee is 1.50% p.a. However, in all cases, the maximum guarantee coverage is Rs. 10 crores per borrower.

Eligibility
  • Start-up as recognized by DPIIT as per Gazette Notification(s) issued from time to time; and
  • Start-ups that have reached stage of stable revenue stream, as assessed from audited monthly statements over a 12 month period, amenable to debt financing, and
  • Start-up not in default to any ending/ investing institution and not classified as Non-Performing Asset as per RBI guidelines; and
  • Start-up whose eligibility is certified by the Bank for the purpose of guarantee cover.
  • Real Estate Projects not allowed.

 

Mudra Loan

Pradhan Mantri MUDRA Yojana (PMMY) is a scheme launched by the Hon’ble Prime Minister on April 8, 2015 for providing loans up to 10 lakh to the non-corporate, non-farm small/micro enterprises. These loans are classified as MUDRA loans under PMMY. These loans are given by Commercial Banks, RRBs, Small Finance Banks, MFIs and NBFCs. Under the aegis of PMMY, MUDRA has created three products namely ‘Shishu’, ‘Kishore’ and ‘Tarun’ to signify the stage of growth / development and funding needs of the beneficiary micro unit / entrepreneur and also provide a reference point for the next phase of graduation / growth.

Shishu Kishore Tarun
Covering Loans upto 50,000/- Covering Loans Above  50,000/- And Upto  5 Lakh

 

 Covering Loans Above  5 Lakh And Upto  10 Lakh