{"id":792,"date":"2024-05-13T00:00:00","date_gmt":"2024-05-13T00:00:00","guid":{"rendered":"https:\/\/rize.blog.razorpay.in\/credit-guarantee-fund\/"},"modified":"2026-06-23T11:31:54","modified_gmt":"2026-06-23T11:31:54","slug":"credit-guarantee-fund","status":"publish","type":"post","link":"https:\/\/razorpay.com\/rize\/blogs\/credit-guarantee-fund\/","title":{"rendered":"Credit Guarantee Fund for Startups | Razorpay Rize"},"content":{"rendered":"<h2 id=\"\">Eligibility<\/h2>\n<ul id=\"\">\n<li id=\"\">New and existing Micro and Small Enterprises engaged in manufacturing, service, or retail activity, excluding Educational Institutions, Agriculture, Self Help Groups (SHGs), Training Institutions, etc.<\/li>\n<li id=\"\">All service sector enterprises under the <strong id=\"\">MSMED Act <\/strong>are eligible for coverage.<\/li>\n<li id=\"\">Must be a \u201cFirst-generation\u201d entrepreneur.<\/li>\n<\/ul>\n<h2 id=\"\">Application procedure for Startups<\/h2>\n<ul id=\"\">\n<li id=\"\">Go to <a id=\"\" href=\"https:\/\/www.cgtmse.in\/Home\" target=\"_blank\" rel=\"noopener\">https:\/\/www.cgtmse.in\/Home<\/a>.<\/li>\n<li id=\"\">The homepage will open.<\/li>\n<li id=\"\">Click on the \u201c<strong id=\"\">Registe<\/strong>r\u201d option seen on the homepage.<\/li>\n<li id=\"\">Enter your details and click on \u201c<strong id=\"\">Get OTP.<\/strong>\u201d<\/li>\n<li id=\"\">After typing in the OTP, the registration will be completed.<\/li>\n<li id=\"\">\u201c<strong id=\"\">Login<\/strong>\u201d to the page again. You will have to fill in the required information such as GST details, Bank Account details, and ITR.<\/li>\n<li id=\"\">Click on \u201c<strong id=\"\">Submit<\/strong>\u201d to avail the benefits under this scheme.<\/li>\n<li id=\"\">Download the financial report, calculate the guarantee, etc, if needed.<\/li>\n<\/ul>\n<h2 id=\"\">Benefits of the Scheme<\/h2>\n<ul id=\"\">\n<li id=\"\">The guarantee cover available under the scheme is to the<strong id=\"\"> extent of 75 percent<\/strong> of the sanctioned amount of the credit facility.<\/li>\n<li id=\"\">Credit or loans in the northeast region, UT of J&amp;K, and UT of Ladakh for credit facilities up to Rs 50 lakh, are covered by an <strong id=\"\">80 percent guarantee<\/strong>.<\/li>\n<li id=\"\">For micro and small businesses operated or owned by women, as well as SC\/ST individuals, the guarantee cover stands at<strong id=\"\"> 85%<\/strong>.<\/li>\n<li id=\"\">For up to 5 lakh micro-enterprise loans, the guarantee cover stands at <strong id=\"\">85%<\/strong>.<\/li>\n<li id=\"\">The credit is without any collateral or third-party guarantees.<\/li>\n<\/ul>\n<p id=\"\">The guarantee will commence from the e-date of payment of the guarantee fee. It will run for the agreed term credit tenure in the event of term loans \/ composite loans and for a period of 5 years in the case of working capital facilities only granted to borrowers or for such period as the Guarantee Trust may specify in this regard.<\/p>\n<h2 id=\"\">Frequently Asked Questions<\/h2>\n","protected":false},"excerpt":{"rendered":"<p>Discover the impact of Credit Guarantee Funds in facilitating business financing for Entrepreneurs in India.<\/p>\n","protected":false},"author":1,"featured_media":793,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-792","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"_links":{"self":[{"href":"https:\/\/razorpay.com\/rize\/blogs\/wp-json\/wp\/v2\/posts\/792","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/razorpay.com\/rize\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/razorpay.com\/rize\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/razorpay.com\/rize\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/razorpay.com\/rize\/blogs\/wp-json\/wp\/v2\/comments?post=792"}],"version-history":[{"count":3,"href":"https:\/\/razorpay.com\/rize\/blogs\/wp-json\/wp\/v2\/posts\/792\/revisions"}],"predecessor-version":[{"id":1449,"href":"https:\/\/razorpay.com\/rize\/blogs\/wp-json\/wp\/v2\/posts\/792\/revisions\/1449"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/razorpay.com\/rize\/blogs\/wp-json\/wp\/v2\/media\/793"}],"wp:attachment":[{"href":"https:\/\/razorpay.com\/rize\/blogs\/wp-json\/wp\/v2\/media?parent=792"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/razorpay.com\/rize\/blogs\/wp-json\/wp\/v2\/categories?post=792"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/razorpay.com\/rize\/blogs\/wp-json\/wp\/v2\/tags?post=792"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}