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CGSS

Credit Guarantee Scheme for Startups

A government guarantee that lets banks, NBFCs and AIFs lend to DPIIT-recognised startups without demanding collateral.

What you get

Guarantee cover up to ₹20 crore per eligible borrower

Nodal ministry

DPIIT, Ministry of Commerce & Industry

Support type

Loan / Credit

Best suited for

Seed / Early Stage · Growth / Scaling

Typical timeline

Bank appraisal typically 3–8 weeks

What this scheme actually is

CGSS does not give you money — it de-risks the lender. NCGTC guarantees a defined share of the loan a member institution extends to a DPIIT-recognised startup, which removes the collateral conversation that kills most startup debt applications. If you have revenue and need working capital or venture debt without pledging a founder's house, this is the instrument.

Implementing agency: National Credit Guarantee Trustee Company (NCGTC)

What the scheme sets out to do

Provide credit guarantee against loans extended to DPIIT-recognised startups by member institutions
Enable collateral-free and third-party-guarantee-free lending to startups
Bring scheduled banks, NBFCs and SEBI-registered AIFs into the startup debt market

Who can apply

Borrower must be a DPIIT-recognised startup
Lending is done by Member Institutions: scheduled commercial banks and financial institutions, RBI-registered NBFCs, and SEBI-registered AIFs
Startup should be generating stable revenue, as assessed by the lender from audited statements
The startup must not be in default to any lending or investing institution and not classified as NPA

What you get

Maximum guarantee of ₹20 crore, or the actual outstanding credit amount, whichever is less
Both transaction-based and umbrella-based cover available
No collateral and no third-party guarantee demanded by the lender
Working capital, term loan and venture debt all become accessible

Documents to have ready

DPIIT recognition certificate
Audited financial statements — usually two years
Business plan or project report with fund-use detail
Bank statements and existing sanction letters
KYC of the entity and its promoters
GST returns and ITRs for the assessment period

How to apply, step by step

  1. 1

    Check you are lendable before you approach anyone

    CGSS removes the collateral barrier, not the credit assessment. The lender still looks at revenue stability, promoter CIBIL and existing obligations. Pull the credit report at the start, not after a rejection.

  2. 2

    Identify a Member Institution

    Only lenders registered with NCGTC under CGSS can extend guaranteed credit. NCGTC publishes the list. Applying to a non-member branch wastes weeks.

  3. 3

    Build the credit file

    Project report or CMA data depending on whether you want a term loan or working capital, plus audited financials, GST-turnover reconciliation and a clear statement of what the money funds.

  4. 4

    Apply through the lender or the Jan Samarth portal

    Submit to the member institution directly, or route the application through jansamarth.in. The lender appraises, sanctions, and then seeks the guarantee cover from NCGTC.

  5. 5

    Complete documentation and drawdown

    Guarantee fee is payable as per the scheme terms. Keep the account standard — a slip into NPA invalidates the cover and turns a guaranteed facility into a personal problem.

Where applications go wrong

A weak promoter CIBIL score sinks the file regardless of the guarantee. Fix it first — that can take three to six months.
The guarantee protects the lender, not you. Default still has consequences for the borrowing entity.
How Company Avenue Advisory helps

What we actually do on a CGSS mandate

Credit readiness review: CIBIL pull at intake, GST-to-books reconciliation, statutory filings brought current
CA-certified project report or CMA data in the format your bank's credit team actually uses
Member Institution shortlisting and application filing, with a weekly follow-up cadence on the file
Escalation ladder when a branch sits on the file — branch, regional office, then the formal grievance route

No consultant can guarantee a sanction — that decision sits with the evaluating committee, bank or incubator. We commit to an honest eligibility view, an application built to the evaluator’s format, filing inside the window and a documented follow-up cadence. That is stated in every engagement letter we sign.

Official sources

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