India Doubles Credit Guarantee for Startups, Slashes Fees for Key Sectors

India’s DPIIT has revamped its Credit Guarantee Scheme for Startups, doubling the credit limit from ₹10 crore to ₹20 crore and offering up to 85% guarantee coverage for smaller loans. Startups in 27 priority sectors will also benefit from reduced fees.

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DPIIT and Apna Partner to Boost Startup Employment

The Department for Promotion of Industry and Internal Trade (DPIIT) has partnered with Apna to provide ₹2,000 hiring credits to 700,000 startups on the Bhaskar platform, aiming to enhance job creation for India’s youth. This initiative, currently worth ₹140 crore, could grow to ₹300 crore. The collaboration will align job postings with industry needs, using Apna’s AI tools to connect startups with skilled workers, fostering growth and innovation.

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