1- Prime Minister Employment Generation Program (PMEGP):
This scheme implemented by the Khadi and Village Industries Commission (KVIC) provides financial help to those individuals who want to set up new industries. The maximum cost of the project in the manufacturing sector is Rs.25 lakh. And 10 lakh in business / service sector.
Any person above 18 years of age is eligible for this financial help. Applicants from the manufacturing sector whose project cost is more than Rs 10 lakh. or more, service sector applicants whose project cost is more than Rs 5 lakh. Or more they should have passed 8th class. Societies, self-help groups, production cooperative societies and charitable trusts are also eligible, provided they have not taken financial assistance under any other government scheme.
Applicants can fill the online form and take a printout of the same along with project report and other required documents and submit to the concerned office.
2 – Credit Guarantee Fund Trust for Ultra-Small and Small Businesses (CGTMSE) :
The Ministry of Micro, Small and Medium Enterprises (MSME) has launched CGTMSE to provide loans to SMEs without bank loan security or third party guarantee. is. The main objective of this scheme is that the bank / finance institution should pay attention to the project of the applicant and provide funds.
Credit Guarantee Scheme (CGS) assures the applicant bank that if the MSE fails to repay the loan taken, the guarantee trust will cover losses up to 50/75/80/85 per cent of the loan facility to the applicant. Maximum loan limit is Rs 2 crore. is.
3 – Stand Up India :
Under the Stand-up India scheme, Rs.10 lakh per bank branch. 1 crore from Rs. The loan will be given to Scheduled Tribe (ST) and Scheduled Caste (SC) applicants and one woman applicant. This loan is for starting new business in the manufacturing, trading or service sector.
Applicants can fill an online form. Apart from this, they can also apply directly by visiting the bank branch.
4 – Pradhan Mantri Mudra Yojana
Launched by Prime Minister PM Modi in the year 2015, Pradhan Mantri Mudra Yojana helps to provide financial help to non-corporate, non-farm small businesses. Loans can be taken from commercial banks, regional rural banks, co-operative banks, small finance banks, MFIs as well as non-banking corporations. Loans up to Rs 10 lakh can be availed under the scheme. There are three types of this loan, Shishu, Kishor and Tarun.
- Shishu: In this, the applicant has to pay up to Rs.50,000. Loan can be availed.
- Kishor: In this, the applicant has to pay Rs.50,000. to up to Rs. 5lakh Loan can be availed.
- Tarun: In this, the applicant will get Rs 5 lakh to up to Rs.10 lakh to Rs. You can get loan.
