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India Doubles Startup Credit Limit to Boost Innovation

5/12/2025

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Summary

Story summary

The Indian government has taken a bold step to empower startups by doubling the credit limit under the Credit Guarantee Scheme for Startups (CGSS) to Rs. 20 crore. With an impressive 85% loan default coverage for amounts up to Rs. 10 crore and a reduced Annual Guarantee Fee of just 1% for 27 Champion Sectors, this initiative promises to fuel innovation and growth.

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Story summary

The Indian government has taken a bold step to empower startups by doubling the credit limit under the Credit Guarantee Scheme for Startups (CGSS) to Rs. 20 crore. With an impressive 85% loan default coverage for amounts up to Rs. 10 crore and a reduced Annual Guarantee Fee of just 1% for 27 Champion Sectors, this initiative promises to fuel innovation and growth.