https://www.taxtmi.com/news?id=18489 The Credit Guarantee Scheme for Startups provides a government backed portfolio guarantee to enable collateral free lending to DIPP recognised startups, guaranteeing lender exposure up to a capped amount per eligible borrower across instruments like term loans, working capital and venture debt. Coverage is portfolio based with losses reckoned against net cash losses; eligible MLIs include scheduled banks, financial institutions, RBI registered NBFCs and SEBI registered AIFs. KYC mandates Aadhaar for resident directors/partners and passport for non residents. The scheme is managed by the National Credit Guarantee Trustee Company with oversight by a Management Committee and a Risk Evaluation Committee. en-us Wed, 26 Jul 2017 17:04:51 +0530 Wed, 26 Jul 2017 17:04:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=18489 The Credit Guarantee Scheme for Startups provides a government backed portfolio guarantee to enable collateral free lending to DIPP recognised startups, guaranteeing lender exposure up to a capped amount per eligible borrower across instruments like term loans, working capital and venture debt. Coverage is portfolio based with losses reckoned against net cash losses; eligible MLIs include scheduled banks, financial institutions, RBI registered NBFCs and SEBI registered AIFs. KYC mandates Aadhaar for resident directors/partners and passport for non residents. The scheme is managed by the National Credit Guarantee Trustee Company with oversight by a Management Committee and a Risk Evaluation Committee. News - Wed, 26 Jul 2017 17:04:51 +0530 https://www.taxtmi.com/news?id=18489