New Delhi, Jan. 27 -- Chief Minister Rekha Gupta on Tuesday said that the MoU signed between the Delhi government and the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) will enable startup owners to obtain collateral-free loans up to Rs 10 lakh.

The Chief Minister emphasised the significance of the MoU, stating that more than one lakh people will benefit from the facility, and underlined that the centre will provide 75% to 90% of the guarantee coverage in the scheme. The remaining guarantee coverage will be provided by the state government.

"This MoU is very important. I understand that in Delhi, there are lakhs of young people with innovative ideas who want to start a good business, a good job, a good industry, or...