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of <h1>Government Boosts Startup Funding by Doubling Credit Guarantee Scheme Coverage and Reducing Lending Risks for Entrepreneurs</h1> The government expanded the Credit Guarantee Scheme for Startups, increasing the guarantee cover from Rs. 10 crore to Rs. 20 crore. The guarantee percentage rose to 85% for loans up to Rs. 10 crore and 75% for larger loans. Annual guarantee fees for 27 Champion Sectors were reduced to 1%. The modifications aim to boost startup funding, reduce lending risks, and support innovation-driven entrepreneurship in India.
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