<h1>Government Launches Credit Guarantee Fund to Boost Startups with Funding and Benefits under Startup India Initiative.</h1> The government plans to establish a Credit Guarantee Fund to support startups with funding facilities, complementing the Startup India initiative. This initiative offers benefits like self-certification under labor and environmental laws, relaxed procurement norms, expedited bankruptcy processes, patent filing rebates, and tax exemptions. The Startup India Global Venture Capital Summit 2018 in Goa highlighted India's investment potential, attracting 30 startups and numerous venture capital funds globally. The summit aimed to showcase investment opportunities and improve the business environment. In 2018, 8,993 startups were recognized by the Department of Industrial Policy and Promotion.