Credit guarantee scheme for startups

Question 1

Who has notified this?

Answer 1

Department for promotion of Industry and Internal trade (DPIIT)

Ministry of commerce and industry

Question 2

Aim

Answer 2

Providing credit guarantees to loans extended by member institutions

Question 3

The exposure to individual cases would be capped at what cost?

Answer 3

rupees 10 cr per case.

Question 4

India has become which no. of startup system in the world?

Answer 4

3rd largest system in the world

Question 5

current unicorns in India

Answer 5

105

Question 6

what does MIs include?

Answer 6

intermediaries
(banks,financial institutions,NBFCs,
AIFs)

Question 7

Stable revenue system audited over how much period?

Answer 7

12-month period

Question 8

Maximum guarantee cover per borrower shall not exceed what amount?

Answer 8

rupees 10 cr

Question 9

What does one unicorn mean?

Answer 9

At least 7500 cr turnover

Question 10

Market capitalization of Unicorns?

Answer 10

USD 1 BILLION

Question 11

when was the (Startup india initiative) launched?

Answer 11

2016

Question 12

startup india initiative launched in how many sectors?

Answer 12

56 diverse sectors