Results for "स्टार्टअप्स"
Credit Guarantee Fund for Startups
Credit Guarantee Fund for Startups
            Government is formulating a Credit Guarantee Scheme for Startups (CGSS) with a corpus contribution of INR 2000 crores that will enable Startups to raise loans without any collateral for their business purposes. The proposed scheme will provide credit guarantee upto INR 500 lakhs per case inclusive of term loan, working capital or any other instrument of assistance extended by Member Lending Institutions (MLIs) to finance an eligible borrower i.e. a Startup recognized by Department of Industrial Policy and Promotion (DIPP).

The main norms and preconditions of the CGSS are as follows:

·                     Scheme will provide benefit to a Startup recognized by DIPP as per Gazette Notifications issued from time to time.

·                     For all resident Directors/Partners, Aadhaar shall be mandatory and for non-resident directors/partners, the passport number shall be a mandatory part of KYC norms.

·                     Member Lending Institutions (MLIs) under the scheme can be Scheduled Commercial Banks and Financial Institutions, RBI registered Non-Banking Financial Companies (NBFCs), SEBI registered AIFs, etc.

·                     The scheme will function under the trusteeship management of the National Credit Guarantee Trustee Company (NCGTC).

·                     Scheme shall provide portfolio- based credit guarantee. Each portfolio shall comprise at least 10 eligible start up loans, during a particular Financial Year.

·                     Coverage would be extended to the portfolio and the portfolio loss would be reckoned against the “net cash losses” during the portfolio life.

·                     Instruments of assistance could be in the form of Venture debt, working capital, debentures, Optionally Convertible debt, etc.

·                     MLIs may provide loans to up to any amount required by an eligible borrower. However, under the scheme the exposure for availing credit guarantee shall be limited to Rs.500 lakh    per eligible borrower. Such loan will be extended by MLIs without any collateral security and/or third party guarantee.

·                     The Management Committee(MC) shall be responsible for the overall supervision and monitoring of the Credit Guarantee Scheme for startups.

·                     A Risk Evaluation Committee (REC) shall also be formed to address conflict of interest   issues. 
            This information was given by the Commerce and Industry Minister  Smt. Nirmala Sitharaman in a written reply in Rajya Sabha today.
(Source: pib.nic.in)



('बिना प्रोफेशनल ट्रेनिंग के शेयर बाजार जरूर जुआ है'
((शेयर बाजार: जब तक सीखेंगे नहीं, तबतक पैसे बनेंगे नहीं! 
((जानें वो आंकड़े-सूचना-सरकारी फैसले और खबर, जो शेयर मार्केट पर डालते हैं असर
((ये दिसंबर तिमाही को कुछ Q2, कुछ Q3 तो कुछ Q4 क्यों बताते हैं ?
((कैसे करें शेयर बाजार में एंट्री 
((सामान खरीदने जैसा आसान है शेयर बाजार में पैसे लगाना
((खुद का खर्च कैसे मैनेज करें? 

((मेरा कविता संग्रह "जब सपने बन जाते हैं मार्गदर्शक"खरीदने के लिए क्लिक करें 

(ब्लॉग एक, फायदे अनेक

Plz Follow Me on: 
((निवेश: 5 गलतियों से बचें, मालामाल बनें Investment: Save from doing 5 mistakes 

Rajanish Kant बुधवार, 26 जुलाई 2017