We are delighted to share with you a few of the new schemes which have been pronounced by financial institutions in the wake of COVID-19. While few are applicable to eligible startups the others can be availed by general MSMEs subject to conditions. SIDBI COVID-19 Startup Assistance Scheme ISBA Centre for Augmenting WAR with COVID-19 Health Crisis

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Financial Assistance to Startup
in the War against COVID-19
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S&A Knowledge Series
Prepared by Sarim Saleheen Lari Manager
Reviewed by CA Jatin Srivastava Partner (Advisory and Growth)
www.sethspro.com info@sethspro.com New Delhi | Lucknow | Coimbatore
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CSA
S
To provide interim support to startups
whose cash flow and liquidity has
been adversely impacted by the
COVID-19 pandemic
Purpose
1. Government defined startups
which have got atleast one round
of funding through VC funds.
2. Should have demonstrated
innovative measures for
ensuring business continuity
during the COVID-19 period
.
Eligibility
Criteria
1. Loan Amount upto 2cr. Per
startup
2. Term loan upto 36 month
including 12 months of
moratorium period
3. No promoters’ contribution
.
Key Features
The assistance can be used for various
working capital requirements like
salaries/wages, rent, administrative
expenses, payment to vendors etc.
.
Purpose
The country is facing an unprecedented challenge with communities and economies everywhere
affected by the growing COVID-19 pandemic. The country is coming together to combat the
COVID-19 pandemic bringing governments, organizations from across industries and sectors and
individuals together to help respond to this global outbreak.
To Facilitate Emergency response against coronavirus, Small Industries Development Bank of
India (SIDBI), and Indian STEP & Business Incubator Association (ISBA) has come with couple of
schemes for assistance and support to Startups to provide stability in crisis situation.
1. SIDBI COVID-19 Startup Assistance Scheme (CSAS
scheme)

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2. ISBA Centre for Augmenting WAR with COVID-19
Health Crisis (CAWACH) scheme
CAW
ACH
Application submitted by
15 APR 2020 will be taken
up for support on priority
in first batch
Purpose
To supports innovations in the
areas of diagnostics, devices,
informatics including bio-
informatics & information
management systems
Eligibility Criteria
1. A startup as per defined under
Startup India.
2. Should have qualified team in
place
3. Preferably at revenue stage or has
raised fund earlier
4. Preferably to have already
deployed or ready to deploy
product within a few of weeks
Supported Product
1. High thrust products and
solutions that address
COVID-19 challenges
2. Any solution that
addresses the impact of
COVID-19
3. Product / solution that
can be quickly deployed
Key Features
INR 50 lakhs to INR 200 lakhs
per startup in the form of Soft
loan returned by by the startup
in 3-5 years.
Validity
Seth & Associates was established in 1975 and since then it has been providing
unparalleled value addition to its client. We are a firm with diverse and rich
exposure in various fields. All our partners are full time active working partners
looking into specific sector domains such as Corporate Law, Direct Tax, Indirect
Taxes, Raising Capital (Bank and Equity), Business Advisory solutions, Forensic and
Information Technology audit and many other core sectors relevant to overall
growth of the clients.
The information herein contained is of a general nature and is not intended to
address the circumstances of any particular individual or entity. Although we
endeavour to provide accurate and timely information, there can be no guarantee
that such information is very accurate and considers the latest amendment in laws
which are very frequent. The above is purely for academic reading and general
awareness of the law. No one should act on this information with appropriate
professional guidance which requires a thorough examination of a particular
situation.
This content is owned by Seth & Associates, Chartered Accountants and is not be
reproduced without our explicit permission.
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New Delhi | Lucknow | Coimbatore