Delhi Entrepreneurs Get ₹10 Crore Loans Without Guarantee: Rekha Gupta's Game-Changer

• Delhi Chief Minister Rekha Gupta launched the 'Delhi Credit Guarantee Scheme' allowing entrepreneurs to get loans up to ₹10 crore without collateral.
• The scheme, in partnership with 'Credit Guarantee Fund Trust' (CGTMSE), aims to remove the need for guarantees, addressing a major hurdle for small businesses.
• CGTMSE will cover 75-90% of the loan, with the Delhi government guaranteeing the rest, reducing banks' risk to just 5%.
• A ₹50 crore government fund, operating on a 50:1 leverage ratio, is expected to facilitate approximately ₹2,500 crore in loans.
• The scheme targets a broad range of beneficiaries including shopkeepers, startups, service sector, education, and skill-training institutions, with priority for first-time and women entrepreneurs.

Why It Matters: Delhi's new scheme offers collateral-free loans up to ₹10 crore, boosting entrepreneurship and economic growth.