List Of Government Loan Scheme For Business Startup In India 2020
Prime Minister Narendra Modi has mentioned on several occasions that central as well as state governments must offer more financial assistance to such youngsters who want to start their own businesses. In this regard, the central Ministry of Commerce and Industry launched a new scheme, named StartupIndia. Under this scheme, central authority offers credit to applicants at low rates. This money will help the applicants to start their business, and contribute towards the development of the nation.
The three most important loan schemes, offered by the central government are as follows:
CGS for Small and Micro Businesses – The central government, with help from the SIDBI offers CGS or Credit Guarantee Fund Scheme. This credit scheme has been designed for people who want financial assistance for starting small or micro business ventures. Eligible applicants can get as much as 100 lakhs credit to set up their business.
MUDRA scheme – Another project that offers credit to business owners, for setting up or spreading the venture, is MUDRA scheme. Under this project, business owners will receive credit under Sishu, Kishor or Tarun categories. Under Sishu section, applicants will receive a credit of upto Rs. 50 thousand. Under Kishor category, applicants will receive a loan that is not more than 5 lakhs. In case the candidate requires more financial assistance to spread the business, then he/she needs to apply for Tarun category. This credit application will fetch as much as Rs. 10 lakhs.
Standup India scheme – Another credit project that offers special loan for business owners is Standup India. The banks have been instructed by the central government to sanction a loan that ranges between Rs. 10 lakhs and Rs. 1 crore. Only female applicants and ST or SC candidates will be able to apply for this loan. The age of the applicant must not be less than 18 years. It has been highlighted that only non-defaulters will be able to apply and attain credit under this central government project.
List Of Loan Scheme For Startup
| 1 | Mukhyamantri Arthik Loan Scheme |
| 2 | Fish Farming Loan Subsidy Scheme |
| 3 | Swarozgar Loan Yojana |
| 4 | Interest Free Farm Loan Scheme |
| 5 | Gopalak Loan Yojana |
| 6 | Pandit Deendayal Gramodyog Rozgar Loan Yojana |
| 7 | Deen Dayal Upadhyaya Bunkar Loan Yojana |
| 8 | Dairy Entrepreneurship Development Loan Scheme |
| 9 | Krishak Udhyami Loan Yojana |
| 10 | Aajeevika Grameen Express Scheme |
| 11 | Mukhyamantri Yuva Swarozgar Loan Yojana |
| 12 | Stand Up India Loan Scheme |
| 13 | MUDRA Loan Scheme |
| 14 | Muttathe Mulla Loan Scheme in Kerala |
| 15 | Saranya Loan Yojana In Kerala |
| 16 | Yuva Aajeevika Yojana In HP |
| 17 | Delhi Loan Scheme for Safai Karamcharis to Buy Sewer Cleaning Machines |
| 18 | 6% Interest Subsidy Scheme on Loans upto 4 Crore for Small Pharma Companies |
| 19 | Interest free loan on fertilizer |
| 20 | Mukhya Mantri Yuva Udyami Yojana |
Other Schemes