<h1>India Launches INR 2000 Crore Credit Guarantee Scheme for Startups; Secure Loans Without Collateral, Up to INR 500 Lakhs Each.</h1> The government is developing a Credit Guarantee Scheme for Startups (CGSS) with a fund of INR 2000 crores, allowing startups to secure loans without collateral. The scheme offers a credit guarantee of up to INR 500 lakhs per startup, covering various financial instruments provided by Member Lending Institutions (MLIs) like banks and financial companies. Startups must be recognized by the Department of Industrial Policy and Promotion (DIPP) to qualify. The scheme is managed by the National Credit Guarantee Trustee Company and requires Aadhaar or passport details for directors. A Management Committee and Risk Evaluation Committee will oversee the scheme's implementation and conflict resolution.