Pradhumn's Post

“Unlock your startup’s full potential with the Credit Guarantee Scheme for Startups! Are you a startup founder struggling to secure funding? Do you have a groundbreaking idea but lack the necessary collateral? The Credit Guarantee Scheme for Startups is here to help! This initiative provides collateral-free loans to eligible startups, empowering entrepreneurs like you to innovate, grow, and succeed. The eligibility criteria for an entity to borrow under the Credit Guarantee Scheme for Startups shall be as follows, wherein an entity should be: - Startups as recognised by DPIIT as per Gazette Notifications issued from time to time, and - Startups that have reached stage of stable revenue stream, as assessed from audited monthly statements over a 12 month period, amenable to debt financing, and - Startup not in default to any lending/investing institution and not classified as Non-Performing Asset as per RBI guidelines, and - Startup whose eligibility is certified by the member institution for the purpose of guarantee cover. How to Apply: -Find a Participating Lending Institution (MLI): Identify banks, NBFCs, or other financial institutions that are registered with the CGTMSE or NCGTC and participate in the scheme. -Approach the MLI and inquire about the credit guarantee scheme and its application process. -Gather Required Documents, which may include: -Duly filled application form. -Business incorporation or registration certificate. -Business project report. -Passport-sized photographs. -KYC documents. -Udyam Registration Certificate (if applicable). -Any other documents required by the MLI. -Submit the completed application form and supporting documents to the MLI. -The MLI will evaluate the application and, if approved, will apply for guarantee coverage with the CGTMSE or NCGTC. -Once the guarantee cover is approved, the MLI can disburse the loan to the eligible borrower. Share it with your friends.. [Startups, Scheme ,Crediting Guarantee Scheme, Collateral Free Loans, Finglory, Munafa] #startupindia #investing #loan #financialfreedom

• #startupindia
• #financialfreedom
• #loan
• #investing

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This post was published on 23rd March, 2025 by Pradhumn on his Instagram handle "@_munafa (Pradhumn Chaturvedi)". Pradhumn has total 233.3K followers on Instagram and has a total of 200 post.This post has received 703 Likes which are lower than the average likes that Pradhumn gets. Pradhumn receives an average engagement rate of 0.55% per post on Instagram. This post has received 2 comments which are lower than the average comments that Pradhumn gets. Overall the engagement rate for this post was lower than the average for the profile. #startupindia #financialfreedom #loan #investing has been used frequently in this Post.