Govt notifies credit guarantee scheme for startups

The government has notified the credit guarantee scheme for startups to provide them collateral-free loans up to a specified limit. In a notification, the Department for Promotion of Industry and Internal Trade (DPIIT) said that loan/debt facilities sanctioned to an eligible borrower on or after October 6, would be eligible for coverage under the scheme. https://ift.tt/jbQ4lx7