Credit Guarantee Scheme for Startups (CGSS)

About Credit Guarantee Scheme for Startups (CGSS)

CGSS provides a government-backed guarantee on loans extended to DPIIT-recognised startups, which lets lenders advance credit without collateral or third-party guarantees. The guarantee is issued through the National Credit Guarantee Trustee Company to scheduled banks, NBFCs, and SEBI-registered AIFs. We handle eligibility assessment, lender coordination, and the application file.

Key Benefits

• Collateral-free credit for DPIIT-recognised startups
• Guarantee cover of up to Rs. 10 crore per borrower
• Covers working capital, term loans, and venture debt
• No third-party guarantee required from promoters
• Improves lender willingness and shortens sanction time

Eligibility Criteria

• Startup must hold valid DPIIT recognition
• Must have reached a stage of stable revenue as assessed from audited statements
• Must not be in default to any lending or investing institution
• Must not be classified as a Non-Performing Asset
• Eligibility must be certified by the member institution extending credit

Documents Required

• DPIIT recognition certificate
• Certificate of incorporation and PAN of the entity
• Audited financial statements for the last two years
• Business plan and fund utilisation proposal
• Details of existing borrowings and credit facilities
• KYC documents of directors and promoters