<h1>DPIIT Launches Credit Guarantee Scheme for Startups, Offering Collateral-Free Loans Up to Rs. 10 Crore, Supports Innovation.</h1> The Department for Promotion of Industry and Internal Trade (DPIIT) has introduced the Credit Guarantee Scheme for Startups (CGSS) to facilitate collateral-free loans to startups. This scheme provides credit guarantees for loans from banks, non-banking financial companies, and SEBI-registered alternative investment funds. It offers transaction-based and umbrella-based guarantees, with coverage up to Rs. 10 crore per borrower. The scheme aims to enhance lending by offering varying degrees of coverage based on loan amounts. Managed by the National Credit Guarantee Trustee Company Limited, it aligns with the Startup India initiative to support entrepreneurship and innovation in India.