Cent Start Up Suraksha Loan Scheme
A programme by Central Bank of India
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.
At a glance
| Best for | DPIIT-registered startups that need a bank loan for product, team or working-capital needs. |
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About Cent Start Up Suraksha Loan Scheme
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.