
Expanded credit guarantee scheme for start-ups to reduce perceived risks of lending
[ad_1] The annual guarantee fee for start-ups in 27 champion sectors has also been reduced to 1% (per annum) from 2% The expanded credit guarantee scheme for start-ups (CGSS)–which increases the ceiling on guarantee cover per borrower–will further reduce the perceived risks associated with lending to start-ups in established financial institutions. This will enable greater…