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<h1>Credit Guarantee Scheme for Startups enables collateral free lending through transaction and umbrella guarantees, mobilising venture debt support.</h1> The Department for Promotion of Industry and Internal Trade has established the Credit Guarantee Scheme for Startups (CGSS) to provide transaction based guarantees for individual startup loans and umbrella based guarantees for Venture Debt Funds, with capped per borrower exposure and graduated guarantee cover; governance will include a Management Committee, a Risk Evaluation Committee, and operational management by the National Credit Guarantee Trustee Company Limited to enable collateral free lending to DPIIT recognised startups.