Department for Promotion of Industry and Internal Trade (DPIIT), operated by NCGTC
Status: active. A credit guarantee scheme providing collateral-free credit to DPIIT-recognized startups by covering loans extended by Scheduled Commercial Banks, NBFCs, and SEBI-registered Venture Debt Funds. Expanded in May 2025: guarantee cover ceiling raised from Rs 10 crore to Rs 20 crore per borrower, with 85% cover for defaults up to Rs 10 crore and 75% for amounts exceeding Rs 10 crore. Annual Guarantee Fee for 27 Champion Sectors reduced to 1% p.a.
Government-backed credit guarantee enabling DPIIT-recognized startups to access collateral-free term loans, working capital and venture debt, with guarantee cover up to Rs 20 crore per borrower.