StartupGrants India
HDFC Bank Ltd
Corporate

HDFC Bank Ltd

Maharashtra, India

Collateral-free bank loans for DPIIT-recognised startups, backed by the government's Credit Guarantee Scheme for Startups.

Official website

HDFC Bank Ltd at a glance

AddressMaharashtra, India
Programmes1 standing programme
Official websitewww.hdfc.bank.in

Programs HDFC 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 HDFC Bank Ltd

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Programmes they run

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

Credit Guarantee Scheme for Startups (CGSS) through HDFC Bank

Credit guarantee

A government-backed guarantee on collateral-free loans that HDFC Bank gives to DPIIT-recognised startups.

Best for: DPIIT-recognised startups that need a loan without collateral

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

HDFC Bank lends to eligible startups under the Credit Guarantee Scheme for Startups. The scheme's guarantee means the startup can borrow without pledging collateral.

What you get

  • Collateral-free debt for working capital, term loans, venture debt and similar facilities
  • A credit guarantee cover arranged through the National Credit Guarantee Trustee Company

Who can apply

  • Startups officially recognised by the DPIIT under the current gazette notification
  • Startups with no outstanding credit defaults and not classified as non-performing assets under RBI guidelines
  • Not holding or subsidiary companies

How selection works: HDFC Bank checks eligibility and the feasibility of the project, then applies for the guarantee cover. The guarantee is provided only if the startup meets the criteria.

How to apply: Approach HDFC Bank and ask for a credit facility under the Startup Credit Guarantee Scheme.

Full Credit Guarantee Scheme for Startups (CGSS) through HDFC Bank guide

How to apply to HDFC Bank Ltd

Before you approach a bank

  • Get DPIIT recognition first. The scheme covers only startups recognised by the DPIIT under the current gazette notification.
  • Check that the startup has no outstanding credit defaults and is not classified as a non-performing asset.
  • The lender applies for the guarantee cover on your behalf, so start with the bank's credit team and ask for the Credit Guarantee Scheme for Startups.

About HDFC Bank Ltd

HDFC Bank Ltd is a private sector bank that lends under the Credit Guarantee Scheme for Startups (CGSS). The scheme is administered by the National Credit Guarantee Trustee Company (NCGTC), which provides a guarantee on loans that member lenders extend to eligible startups.

How the scheme works

A startup borrows from a member lender such as HDFC Bank, and the guarantee lets the lender extend the loan without collateral from the startup. The scheme covers short-term working capital, long-term investment loans, venture debt and similar facilities, and it can also be used for certain hybrid instruments.

Who can apply

The borrower must be a startup officially recognised by the DPIIT as per its current gazette notification. The startup must have no outstanding credit defaults with any financial institution or investor, and it must not be classified as a non-performing asset under RBI guidelines. Holding and subsidiary companies are not eligible.

Other lenders in the scheme

The scheme has 11 public sector banks and seven private banks as member lenders, including HDFC Bank, along with NBFCs and other institutions.

Frequently asked questions about HDFC Bank Ltd

What is HDFC Bank Ltd?

HDFC Bank Ltd is a corporate based in Maharashtra.

What does HDFC Bank Ltd do?

HDFC Bank Ltd is a private sector bank that lends under the Credit Guarantee Scheme for Startups (CGSS). The scheme is administered by the National Credit Guarantee Trustee Company (NCGTC), which provides a guarantee on loans that member lenders extend to eligible startups.

Where is HDFC Bank Ltd located?

HDFC Bank Ltd is based in Maharashtra, India.

What programs does HDFC Bank Ltd run?

HDFC Bank Ltd runs Credit Guarantee Scheme for Startups (CGSS) through HDFC Bank.

How do I apply to HDFC Bank Ltd?

- Get DPIIT recognition first. The scheme covers only startups recognised by the DPIIT under the current gazette notification. - Check that the startup has no outstanding credit defaults and is not classified as a non-performing asset. - The lender applies for the guarantee cover on your behalf, so start with the bank's credit team and ask for the Credit Guarantee Scheme for Startups.