EconomyOn Track
Expand employment, self-employment and livelihood opportunities
Bharatiya Janata PartymediumOct 20260
Fulfilledhigh confidenceEconomy
Expand Startup India Seed Fund and Credit Guarantee schemes
Bharatiya Janata Party · Lok Sabha General Election 2024
Last updated 8 Jul 2026
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The stated commitment has been substantively delivered, supported by evidence.
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Original manifesto wording
“We will expand the existing Startup India Seed Fund Scheme and Startup Credit Guarantee Scheme to ensure adequate funds for our start-ups in their entrepreneurial journeys.”
From the Bharatiya Janata Party manifestoView Manifesto
Our Assessment
Both named funding mechanisms have been expanded. The Credit Guarantee Scheme for Startups (CGSS) was expanded via a May 2025 DPIIT notification, doubling the maximum guarantee cover per borrower from Rs 10 crore to Rs 20 crore, raising coverage to 85% (loans up to Rs 10 crore) and reducing the annual guarantee fee to 1% for 27 Champion Sectors. On the equity side, under the Fund of Funds for Startups (FFS) over Rs 7,000 crore has been disbursed to 135+ AIFs (which invested Rs 26,900 crore+ in 1,420+ startups), and a second fund with a Rs 10,000 crore corpus was announced. The specific pledge to expand the seed-fund and credit-guarantee schemes is fulfilled.
Sources & Evidence
Promise Timeline
8 May 2025
DPIIT notifies CGSS expansion: guarantee cover per borrower doubled from Rs 10 crore to Rs 20 crore, with higher coverage tiers and reduced fees for Champion Sectors.
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