STAR START UP SCHEME
Funding support to eligible Start Ups recognized as per government policy

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Startup means an entity, incorporated as
- Private Limited Company (under the Companies Act 2013
- Registered Partnership firm (under the Indian Partnership act 1932)
- Limited Liability Partnership (under the limited liability partnership act 2008)
- Whose period of existence and operations should not have exceeded 10 years from the date of its incorporation/registration And annual turnover has not exceeded Rs.100 Cr in any of the financial years since its incorporation
- Entity is working towards innovation, development or improvement of a products, processes or services and/or have scalable business model with high potential for creation of wealth & employment.
Provided that such entity is not formed by splitting up or reconstruction of a business already in existence
An entity shall cease to be a ‘Start-Up’ if its turnover for the previous financial years has exceeded Rs.100 Cr or upon completion of 10 years from the date of incorporation/ registration.
*Terms & Conditions apply. For further details, Please contact your Nearest Branch
- To finance towards innovation, development or improvement of a products, processes or services and/or have scalable business model with high potential for creation of wealth & employment.
Objective
Funding support to eligible Start Ups recognized by the Department of Promotion of Industry and Internal Trade (DPIIT)
Nature of Facility
- Fund based / Non fund based limit
- Composite loan may be considered at the time of initial sanction. Non EMI / EMI (monthly)
Quantum of loan
- Minimum : above Rs.10 Lakhs
- Maximum: As per assessment
Security
Primary: All assets created out of Bank’s finance shall be charged in favour of the Bank.
Collateral:
- The facility up to Rs.10 Cr may be covered under Credit Guarantee Scheme for Startup (CGSS).
OR - The facility may be partially secured by CGSS and collateral security.
OR - The facility may be only secured by the collateral security with collateral coverage ratio of 0.60 and above.
The Fees for the guarantee cover of CGSS will be borne by the borrower.
Guarantee
Personal Guarantee of promoters / directors / partners of the firm / major shareholders /guarantors can be obtained
*Terms & Conditions apply. For further details, Please contact your Nearest Branch
The entity must be recognized as ‘Start-Up’ by the Department of Promotion of Industry and Internal Trade (DPIIT) as per gazette notification issued by the Ministry. DPIIT certificate can be verified from their website. https://www.startupindia.gov.in/blockchainverify/verify.html
Margin
(Minimum margin requirement)
- Fund Based:
Term Loan: 25%
Working Capital: Stock 10% , Receivables 25% - Non Fund Based: LC/BG : 15%
Validity
Any Start Up will cease to be Start Up if it has completed 10 years from the date of incorporation/ registration or if its annual turnover is more than Rs.100 Cr.
*Terms & Conditions apply. For further details, Please contact your Nearest Branch
1% concession in applicable ROI, subject to minimum ROI not less than RBLR
Processing charges
Waived
Repayment
- Working Capital: repayable on demand.
Term Loan: Maximum Door to Door repayment shall be 120 months including moratorium period of maximum 24 months.
Treatment of seed capital
Any Seed Capital Venture Capital invested by Venture Capitalist/Angel Funds should be treated as margin/equity for calculation of DER.
*Terms & Conditions apply. For further details, Please contact your Nearest Branch
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NBG | Zone | Branch | Nodal Officer | Contact Number |
---|---|---|---|---|
Head Office | Head Office | Head Office | Sanjeet Jha | 7004710552 |
South II | Bengaluru | Bangalore Main | Atrayee Bhowmick | 8618885107 |
West I | Navi Mumbai | Turbhe | Pankaj Kumar Chahal | 9468063253 |
New Delhi | New Delhi | Parliament Street Br | Mr.Bharat Tahiliani | 8853202233/ 8299830981 |
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