With this fund in place, the start-ups would receive financial support from banks and financial institutions with a collateral-free guarantee.
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Tag: credit guarantee fund
Govt likely to approve Rs 2k cr Credit Guarantee Fund by September
The fund aims to support the ventures’ and entrepreneurs’ risk-taking abilities.
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Cabinet may give nod to Rs 2k cr Credit Guarantee Fund in July
The proposed credit guarantee fund that will help startups get collateral-free loans is likely to get the cabinet nod in July. The fund, with a total corpus of Rs 2,000 crore, was announced in January 2016 by Prime Minister Narendra Modi to enable greater financial support for startups. “We…
DIPP proposes tax concession for start-ups, likely to be announced in union budget 2017
In order to boost the government’s Startup India, Standup India movement, the Department of Industrial Policy and Promotion (DIPP) is reportedly formulating a new set of tax concessions on employee stock options, unlisted securities and convertible instruments. The latest Union Budget is expected…
Exclusive | Credit Guarantee Fund soon for MSME
Government will soon set up of a credit guarantee fund for the SME sector, a government official told SMEpost.com on Friday. The fund will have a Rs 20,000 crore corpus, which will help in refinancing commercial banks for their lending to SME sector. There may be small service charge, which banks…