Consider the following statements regarding the Credit Guarantee Scheme for Startups (CGSS):
1. The scheme is operated and managed by the National Credit Guarantee Trustee Company (NCGTC).
2. Under the expanded scheme, the maximum guarantee cover per borrower has been increased to Rs 20 crore.
Which of the statements given above is/are correct?

Question

Accepted Answer

C. Both 1 and 2 — Statement 1 is correct; the CGSS is operated by the NCGTC on behalf of the DPIIT. Statement 2 is also correct; the May 2025 notification doubled the guarantee cover ceiling from Rs 10 crore to Rs 20 crore per borrower to facilitate greater collateral-free lending.

Expansion of Credit Guarantee Scheme for Startups Notified

SC Guidelines on Open Correctional Institutions