EMPOWERING ENTREPRENEURS
GOVERNMENT LOAN SCHEMES FOR STARTUPS IN INDIA
Every startup begins with an idea, requiring efficient leaders and sufficient funds, which can be sourced from angel investors, friends, family, or government schemes offering loans in India.
Credit : PEXELS Here are some best government loan schemes for startups in India:
Credit : PINTEREST Eligibility for Government Strat up Loans
Eligibility for government startup loans depends on credit history, type of business, and profitability, all influencing the lender’s willingness to grant loans.
Credit : X Pradhan Mantri Mudra Yojana
The Pradhan Mantri Mudra Yojana, launched in 2015, provides collateral-free loans up to ₹10 lakh for small enterprises, funded by various financial institutions.
Credit : X Stand Up India Scheme
The scheme provides loans for SC/ST or women for greenfield projects, with specific eligibility and terms.
Credit : X Credit Guarantee Fund Scheme for startups
Launched in 2016 under Startup India, CGSS supports recognized startups with stable revenue, no defaults, managed by NCgtc.
Credit : X Prime Minister’s Employment Generation Program
PMEGP provides credit subsidies for self-employment, supporting loans for eligible micro-enterprises.
Credit : X