StartupGrants India
Axis Bank Ltd.
Corporate

Axis Bank Ltd.

Mumbai, Maharashtra, India

Axis Bank Ltd., a private sector bank and a Member Institution of the government's Credit Guarantee Scheme for Startups (CGSS).

Official website

Axis Bank Ltd. at a glance

AddressAxis House, C-2 Pandurang Budhkar Marg, Worli, Mumbai - 400025
Programmes1 standing programme
Official websitewww.axis.bank.in

Programs Axis Bank Ltd. supports

Programs this organisation funds, run by others. · 1 open now · 0 past

Open now

Credit Guarantee Scheme for Startups (CGSS)

under Credit Guarantee Scheme for Startups (CGSS)
by Axis Bank Ltd.

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Programmes they run

Standing programmes at Axis Bank Ltd., separate from the funding calls above.

Credit Guarantee Scheme for Start-ups (CGSS)

Credit guarantee

Collateral-free bank credit for eligible startups, with the guarantee provided by NCGTC and Axis Bank running the application.

Best for: DPIIT-recognised startups that want collateral-free bank credit

  • Paid
What you get, who can apply and how to apply

Axis Bank is a Member Institution of the Credit Guarantee Scheme for Start-ups, a Government of India initiative. You borrow from Axis Bank, and the National Credit Guarantee Trustee Company provides the guarantee cover, so no collateral is required.

What you get

  • Collateral-free credit facilities, with a ceiling stated on Axis Bank's CGSS page
  • Guarantee cover provided by NCGTC
  • A nominal guarantee fee under scheme norms
  • Documentation and onboarding help from Axis Bank's start-up banking team

Who can apply

  • Partnership firms, LLPs and private limited companies
  • DPIIT-recognised startups; the page also says recognition is recommended but not mandatory at the initial stage
  • Startups with no history of default and no non-performing asset classification
  • Startups with audited monthly statements for the past 12 months

How to apply: Use the application link on Axis Bank's CGSS page, or ask Axis Bank's start-up banking team directly.

Full Credit Guarantee Scheme for Start-ups (CGSS) guide

How to apply to Axis Bank Ltd.

Check eligibility before you approach the bank

The revenue test is the one most founders need to prepare for. Axis Bank asks for audited monthly statements covering the past 12 months, so start those early.

Prepare the documents

  • Account opening form
  • KYC documents as per the entity's constitution
  • Officially Valid Documents of authorised signatories and beneficial owners
  • Beneficial ownership declaration and FATCA declaration
  • An undertaking on existing credit exposure
  • DPIIT certificate, which is optional but recommended

Ask for the right desk

Axis lists the scheme under working capital loans on its website. Ask for the start-up banking team and name CGSS when you ask.

Expect the bank's own credit check

The scheme guarantees the loan, but the bank still assesses your application under its own credit policy.

About Axis Bank Ltd.

Axis Bank Ltd. is a private sector bank with its corporate office at Axis House in Worli, Mumbai. Through its Startup Banking team it lends to eligible startups under the Credit Guarantee Scheme for Start-ups (CGSS), a Government of India initiative.

How the scheme works at Axis Bank

CGSS gives eligible startups collateral-free debt funding. The guarantee cover is provided by the National Credit Guarantee Trustee Company (NCGTC), and Axis Bank, as a Member Institution, runs the entire application process. A founder applies to the bank, not to the scheme.

Who can apply

Eligible constitutions are partnership firms, limited liability partnerships and private limited companies. The page also says the scheme is available to DPIIT-recognised startups, and separately that DPIIT recognition is recommended but not mandatory at the initial stage. The applicant must have no history of default with any financial institution or investor, must not be classed as a non-performing asset under RBI guidelines, and must show stable revenue supported by audited monthly statements for the past 12 months.

Support during the application

Axis Bank says founders get a dedicated start-up banking team for documentation, onboarding and scheme-related guidance.

Who they work with

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Frequently asked questions about Axis Bank Ltd.

What is Axis Bank Ltd.?

Axis Bank Ltd. is a corporate based in Mumbai, Maharashtra.

What does Axis Bank Ltd. do?

Axis Bank Ltd. is a private sector bank with its corporate office at Axis House in Worli, Mumbai. Through its Startup Banking team it lends to eligible startups under the Credit Guarantee Scheme for Start-ups (CGSS), a Government of India initiative. CGSS gives eligible startups collateral-free debt funding.

Where is Axis Bank Ltd. located?

Axis Bank Ltd. is located at Axis House, C-2 Pandurang Budhkar Marg, Worli, Mumbai - 400025.

What programs does Axis Bank Ltd. run?

Axis Bank Ltd. runs Credit Guarantee Scheme for Start-ups (CGSS).

How do I apply to Axis Bank Ltd.?

The revenue test is the one most founders need to prepare for. Axis Bank asks for audited monthly statements covering the past 12 months, so start those early.