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The details of Central Financial Assistance (CFA) for different components under this programme is as follows:
The broad objective of CGSS is to provide guarantee upto a specified limit against credit instruments extended by Member Institutions (MIs) to finance eligible Startups. This scheme would help provide the much needed collateral free debt funding to Startups.
The eligibility criteria for an entity to borrow under the Credit Guarantee Scheme for Startups shall be as follows, wherein an entity should be: i. Startup as recognized by DPIIT as per Gazette Notifications issued from time to time, and ii. Startups that have reached stage of stable revenue stream, as assessed from audited monthly statements over a 12 month period, amenable to debt financing, and iii. Startup not in default to any lending/investing institution and not classified as Non-Performing Asset as per RBI guidelines, and iv. Startup whose eligibility is certified by the member institution for the purpose of guarantee cover.
The objective of the programme is to support the setting up of Waste to Energy projects for generation of Biogas/ BioCNG/ Power/ producer or syngas from urban, industrial and agricultural wastes/residues.
To achieve a cumulative installed capacity of 40,000 MW from Grid Connected Rooftop Solar (RTS) projects
Central Financial Assistance (CFA)/Subsidy is provided to the residential electricity consumers under Component-A and incentives are provided to DISCOMs under Component-B of this programme.
To avail CFA a residential consumer has to apply for installation of Grid Connected Roof Top Solar (GCRTS) through any of following two mechanisms:
Component A: CFA to Residential sector – 4 GW
Component B: Incentives to DISCOMs – for initial 18 GW Capacity
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