Startups vs COVID-19

A repository of resources for Indian startups solving challenges created by COVID-19


SIDBI - COVID-19 Startup Assistance Scheme

Ticket Size
Upto 2 CR
Type
Loan
Details

SIDBI introduces a scheme for financial assistance to startups to take care of liquidity problem on account of COVID-19. To provide support to Govt of India defined startups who have got at-least one round of funding through VC funds and whose cash flow and liquidity has been adversely impacted by the COVID-19 pandemic. The assistance can be used for various working capital/ requirements like salaries/wages, rent, administrative expenses, payment to vendors etc. The loan may also be considered against outstanding GST refund.

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