https://www.taxtmi.com/news?id=25849 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. en-us Fri, 07 Oct 2022 15:05:03 +0530 Fri, 07 Oct 2022 15:05:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=25849 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. News - Fri, 07 Oct 2022 15:05:03 +0530 https://www.taxtmi.com/news?id=25849