PSB Start-up Scheme
A programme by Punjab & Sind Bank (Punjab & Sind Bank)
Term loan and working capital for DPIIT-recognised startups, with CGSS credit guarantee cover.
At a glance
| Best for | DPIIT-recognised startups that need a bank term loan or working capital. |
|---|---|
| Duration | Term loan up to 7 years, with a moratorium of up to 1 year; working capital on demand, subject to review |
| Run with | National Credit Guarantee Trustee Company |
About PSB Start-up Scheme
The PSB Start-up Scheme is the bank's programme for recognised startups. It provides financial assistance for various business purposes, through a term loan and working capital.
What you get
- A term loan of up to 7 years, with a moratorium of up to 1 year, or working capital repayable on demand.
- Credit guarantee cover under the Credit Guarantee Scheme for Startups.
- A 50% concession on applicable processing charges.
- A 25 BPS concession in interest rates for women beneficiaries and young entrepreneurs.
Who can apply
- Private limited companies, LLPs and partnerships recognised under Start-up India and registered with DPIIT.
- Startups no more than 10 years from incorporation, working on innovation, development or scalable business models.
- Promoters with a minimum CIBIL score of 700, with some exceptions allowed.
How to apply: register on the Start-up India portal, then apply for the loan through the Jansamarth portal or at the nearest branch.