StartupGrants India
CB
Corporate

Central Bank of India

Maharashtra, India

Public sector bank with its corporate office in Mumbai, offering a startup loan backed by the Credit Guarantee Scheme for Startups.

Official website

Central Bank of India at a glance

AddressMaharashtra, India
Programmes1 standing programme
Official websitecentralbank.bank.in

Programs Central Bank of India 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 Central Bank of India

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Programmes they run

Standing programmes at Central Bank of India, separate from the funding calls above.

Cent Start Up Suraksha Loan Scheme

Loan

A term loan and working-capital facility from Central Bank of India for DPIIT-registered startups, with guarantee cover under the Credit Guarantee Scheme for Startups.

Best for: DPIIT-registered startups that need a bank loan for product, team or working-capital needs.

What you get, who can apply and how to apply

The Cent Start Up Suraksha Loan Scheme is a term loan and working-capital facility from Central Bank of India for startups. Its page states that guarantee cover is available under the Credit Guarantee Scheme for Startups (CGSS), and that no collateral security is taken.

What you get

  • A term loan and working-capital facility from the bank.
  • Use of the funds for prototypes, product or app development, raw materials and equipment, licences and certifications, hiring, legal and consulting services, marketing and sales, and office space.
  • Guarantee cover under the Credit Guarantee Scheme for Startups.

Who can apply

  • DPIIT-registered startups.
  • Startups working on innovation, product or process development, or a scalable business model with high potential for employment.
  • A firm or company within the scheme's incorporation age limit of 10yrs.
  • Personal guarantees from key promoters, directors and partners, where the bank requires them.
Full Cent Start Up Suraksha Loan Scheme guide

How to apply to Central Bank of India

Before you apply

  • This is a loan, so it suits a startup that expects to repay borrowed money.
  • DPIIT registration is required. Have your certificate ready.
  • Check the scheme page for the current interest rate, tenure and moratorium.

How applications work

  • Start from the bank's MSME banking page, where the Cent Start Up Suraksha Loan Scheme is listed with other MSME products.
  • Expect a personal guarantee from key promoters, directors and partners.
  • No collateral security is taken, according to the scheme page.

What the bank looks at

  • The scheme's purpose list covers prototypes, product or app development, raw materials and equipment, licences and certifications, hiring, legal and consulting help, marketing and sales, and office space.
  • The scheme page describes the startup as working on innovation, product or process development, or a scalable business model with high potential for employment.

About Central Bank of India

Central Bank of India is a public sector bank with its corporate office in Mumbai. Established in 1911, it was the first Indian commercial bank wholly owned and managed by Indians. Its profile page reports 4541 branches as on December 2024.

Startup lending

The bank offers the Cent Start Up Suraksha Loan Scheme for startups. It covers a term loan and working capital. The bank's page states that guarantee cover is available under the Credit Guarantee Scheme for Startups (CGSS), which is formulated by the National Credit Guarantee Trustee Company.

Who can apply

Startups working on innovation, product or process development, or a scalable business model with high potential for employment. DPIIT registration is mandatory, and the firm or company must meet the scheme's incorporation age limit of 10yrs.

How the loan is set up

The scheme's page states that no collateral security is taken. Personal guarantees are required from key promoters, directors and partners. The interest rate, tenure and moratorium are shown on the scheme page, and they can change, so check them there before you apply.

Locations

The corporate office is at Chander Mukhi, Nariman Point, Mumbai. The bank's website has a branch and ATM locator for its wider network.

Frequently asked questions about Central Bank of India

What is Central Bank of India?

Central Bank of India is a corporate based in Maharashtra.

What does Central Bank of India do?

Central Bank of India is a public sector bank with its corporate office in Mumbai. Established in 1911, it was the first Indian commercial bank wholly owned and managed by Indians. Its profile page reports 4541 branches as on December 2024. The bank offers the Cent Start Up Suraksha Loan Scheme for startups.

Where is Central Bank of India located?

Central Bank of India is based in Maharashtra, India.

What programs does Central Bank of India run?

Central Bank of India runs Cent Start Up Suraksha Loan Scheme.

How do I apply to Central Bank of India?

- This is a loan, so it suits a startup that expects to repay borrowed money. - DPIIT registration is required. Have your certificate ready. - Check the scheme page for the current interest rate, tenure and moratorium. - Start from the bank's MSME banking page, where the Cent Start Up Suraksha Loan Scheme is listed with other MSME products.