NISIC - Nashik Igniting Startup Innovation serves pivotal Centre of Excellence : Incubation Centre, empowering startups via comprehensive mentorship support
Big news for DPIIT-recognised startups ๐
With the turnover threshold now increased to โน200 Cr, a larger pool of startups can access collateral-free debt funding under CGSS.
๐ฏ ๐ช๐ต๐ฎ๐ ๐ฑ๐ผ๐ฒ๐ ๐๐ต๐ถ๐ ๐บ๐ฒ๐ฎ๐ป ๐ณ๐ผ๐ฟ ๐ฆ๐๐ฎ๐ฟ๐๐๐ฝ๐ ๐๐ฝ ๐๐ผ โน200 Cr ๐๐๐ฟ๐ป๐ผ๐๐ฒ๐ฟ?
Startups can now access ๐ฐ๐ผ๐น๐น๐ฎ๐๐ฒ๐ฟ๐ฎ๐น-๐ณ๐ฟ๐ฒ๐ฒ, ๐ด๐ผ๐๐ฒ๐ฟ๐ป๐บ๐ฒ๐ป๐-๐ด๐๐ฎ๐ฟ๐ฎ๐ป๐๐ฒ๐ฒ๐ฑ ๐ฑ๐ฒ๐ฏ๐ ๐ณ๐๐ป๐ฑ๐ถ๐ป๐ด to accelerate their next phase of growth.
โจ Key benefits under CGSS:
* Collateral-free loans up to โน20 Cr
* Government guarantee covering 75โ85% of lender risk
* Lower guarantee fees for champion sectors, women-led & North-East startups
* Coverage across term loans, working capital, venture debt & mezzanine financing
๐ก ๐ช๐ต๐ ๐ถ๐ ๐บ๐ฎ๐๐๐ฒ๐ฟ๐:
This is a major opportunity for growth-stage startups to scale operations, strengthen cash flows, and build credit history all while preserving valuable equity.
๐ ๐๐ฝ๐ฝ๐น๐ ๐ป๐ผ๐:
๐ JanSamarth Portal: https://t.co/kw3HvIHUHo
๐ Connect with a Member Lending Institution (MLI): https://t.co/q9Gmvr3c31
Scaling up? This is your window to grow smarter, faster, and without giving up hashtag#equity.
@DPIITGoI
Shri @PiyushGoyal
Shri @JitinPrasada
Shri @Amardeep2009
Shri @SanjivIRS
#StartupIndia #CGSS #StartupFunding #DebtFinancing #DPIIT #IndianStartups #ScaleSmart