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PSB START UP SCHEME

The PSB Start-up Scheme is a comprehensive initiative designed to support recognized start-ups in India by providing financial assistance for various business purposes. The key parameters of the scheme are detailed below:

Objective and Scope
  • Provide financial assistance to start-ups recognized by DPIIT
  • Foster innovation, entrepreneurship, employment, and inclusive socioeconomic growth Scheme applicable pan-India
  • Start-ups working on innovation, development, or scalable business models
  • Entity types: Private Limited Company, LLP, Partnership recognized under Start-Up India
  • Should be registered with DPIIT/GOI and valid up to 10 years from incorporation
  • Promoters’ minimum CIBIL score: 700 (some exceptions allowed)
  • Start-up should not be a split or reconstruction of an existing business
  • Not applicable for speculative or real-estate purposes
Nature of Facilities Term Loan and Working Capital (Cash Credit / Non-Fund Based)
Quantum of Finance
  • Minimum: ₹10 lakh
  • Maximum: ₹20 crore (fund based + non-fund based combined)
  • Credit guarantee cover available under CGSS by NCGTC
  • Margin: Working Capital – 25%
  • Margin: Term Loan – 25%
  • Venture Capital / Angel Funds invested may be treated as margin / equity
Tenure
  • WC: On demand, subject to review
  • Term Loan: up to 7 years (moratorium max 1 year)
Security
  • Term Loan: Hypothecation/Mortgage of Assets created out of the Bank finance
  • Working Capital: Hypothecation of Stocks/Book Debts/Receivables etc
  • Charge on intellectual Property rights (if financed by the Bank)
  • Right/Lien on all products /Patents/Copyrights and results created out of Bank Finance
Credit Guarantee Scheme:
  • Coverage of 85% of default amount up to ₹10 crore and 75% of default amount for exposures above ₹10 crore (max ₹20 crore).
  • Annual Guarantee Fee: 1–2% depending on category
Special Benefits
  • 50% concession on applicable Processing charges
  • 25 BPS concession in interest rates to women beneficiary and young entrepreneurs
How to Apply

Register through: https://www.startupindia.gov.in

Apply for loan at: https://www.jansamarth.in

The Bank has designated the following dedicated Branches for Start Up Scheme. However, the customer can apply the loan under the scheme to any of the nearest Branch.

Branch Address Tehsil District State Email
ABIDS, HYDERABAD 1st Floor, 7 Metro Estate, Abids, Hyderabad Nampally Hyderabad Telangana h0170[at]psb[dot]bank[dot]in
CHICKPET, BENGALURU 678–679 S. B. Market, Chickpet Bangalore South Bengaluru Urban Karnataka b0348[at]psb[dot]bank[dot]in
SECTOR 44, GURUGRAM Institutional Plot No. 151, Sector 44, Gurugram Gurgaon Gurugram Haryana g1509[at]psb[dot]bank[dot]in

Further, for any clarification, customers may contact the Bank at 07503723390.

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