India Revamps Credit Guarantee Scheme, Aims to Propel Startup Growth
The Indian government has revised its Credit Guarantee Scheme for Startups, increasing the guarantee cover per borrower from Rs 10 crore to Rs 20 crore. The scheme aims to support research and development and encourage innovation by providing collateral-free debt funding. The updated guidelines enhance financial institutions’ lending confidence, boosting startup growth. The Indian government … Read more