Firstpost
  • Home
  • Video Shows
    Vantage Firstpost America Firstpost Africa First Sports
  • World
    US News
  • Explainers
  • News
    India Opinion Cricket Tech Entertainment Sports Health Photostories
  • Asia Cup 2025
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
Trending:
  • Charlie Kirk shot dead
  • Nepal protests
  • Russia-Poland tension
  • Israeli strikes in Qatar
  • Larry Ellison
  • Apple event
  • Sunjay Kapur inheritance row
fp-logo
Boost for startups: DIPP proposes Rs 2000 cr credit guarantee scheme for entrepreneurs
Whatsapp Facebook Twitter
Whatsapp Facebook Twitter
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit

Boost for startups: DIPP proposes Rs 2000 cr credit guarantee scheme for entrepreneurs

Press Trust of India • July 18, 2017, 09:16:22 IST
Whatsapp Facebook Twitter

The proposed scheme, she said, will provide credit guarantee of up to Rs 500 lakh per case inclusive of term loan, working capital or any other instrument of assistance extended by member lending institutions to finance an eligible startup recognized by the Department of Industrial Policy and Promotion (DIPP).

Advertisement
Subscribe Join Us
Choose
Firstpost on Google
Choose
Firstpost on Google
Boost for startups: DIPP proposes Rs 2000 cr credit guarantee scheme for entrepreneurs

New Delhi: The commerce and industry ministry on Monday said it has proposed a Rs 2,000 crore credit guarantee scheme for startups to help them access funds. For the scheme, a corpus contribution of “Rs 2,000 crore is proposed keeping in mind the challenges faced by startups in accessing funds,” Commerce and Industry Minister Nirmala Sitharaman said in a written reply to the Lok Sabha. The proposed scheme, she said, will provide credit guarantee of up to Rs 500 lakh per case inclusive of term loan, working capital or any other instrument of assistance extended by member lending institutions to finance an eligible startup recognized by the Department of Industrial Policy and Promotion (DIPP). [caption id=“attachment_3239170” align=“alignleft” width=“380”] ![ThinkStock](https://images.firstpost.com/wp-content/uploads/2017/01/startup-abstract-ThinkStock.jpg) ThinkStock[/caption] Replying to a separate question on tobacco, she said to address the concerns of farmers, the Tobacco Board coordinated with ITC Ltd and other trade members to procure medium and low grades of the commodity at a remunerative price. “The companies have responded positively and the volumes are picking up. “Out of the total estimated production of 104 million kg in the current season, as on July 6, a quantity of 64.51 million kg was marketed and the average price of Rs 136.94 per kg which is higher by Rs 14 per kg for the corresponding volume marketed during the last year,” she added.

Tags
Nirmala Sitharaman ITC Department of Industrial Policy and Promotion DIPP Commerce and Industry Ministry startups term loan credit guarantee Tobacco Board
  • Home
  • Business
  • Boost for startups: DIPP proposes Rs 2000 cr credit guarantee scheme for entrepreneurs
End of Article
Latest News
Find us on YouTube
Subscribe
  • Home
  • Business
  • Boost for startups: DIPP proposes Rs 2000 cr credit guarantee scheme for entrepreneurs
End of Article

Impact Shorts

Chennai Ranks #1 in Challan Checks: ACKO Insights for Smarter Car and Two Wheeler Insurance Decisions

Chennai Ranks #1 in Challan Checks: ACKO Insights for Smarter Car and Two Wheeler Insurance Decisions

Chennai leads India in challan checks, with drivers checking their e-challans over 5 times a month on average. Helmet non-compliance is the most broken rule, accounting for 34.8% of all traffic offences in Chennai. Regular digital challan checks help drivers avoid hefty fines, promote safe driving, and improve insurance premiums.

More Impact Shorts

Top Shows

Vantage Firstpost America Firstpost Africa First Sports
Enjoying the news?

Get the latest stories delivered straight to your inbox.

Subscribe
Latest News About Firstpost
Most Searched Categories
  • Web Stories
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Tech/Auto
  • Entertainment
  • IPL 2025
NETWORK18 SITES
  • News18
  • Money Control
  • CNBC TV18
  • Forbes India
  • Advertise with us
  • Sitemap
Firstpost Logo

is on YouTube

Subscribe Now

Copyright @ 2024. Firstpost - All Rights Reserved

About Us Contact Us Privacy Policy Cookie Policy Terms Of Use
Home Video Shorts Live TV