loan schemes:


Under the Indian government and MSME (Micro, Small, and Medium Enterprises) sector,

there are several loan schemes available to support new businesses. Here are some notable loan schemes:

  1. Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE):
    • Provides collateral-free loans up to Rs. 2 crore to micro and small enterprises.
    • Facilitates loans for working capital requirements, purchasing machinery, and business expansion.
    • Offers credit facilities through partner lending institutions like banks and financial institutions.
  2. Prime Minister’s Employment Generation Programme (PMEGP):
    • Promotes self-employment opportunities in rural and urban areas.
    • Offers financial assistance for setting up new micro-enterprises.
    • Provides loans up to Rs. 25 lakh for manufacturing and up to Rs. 10 lakh for service or business enterprises.
  3. SIDBI Make in India Soft Loan Fund for Micro, Small, and Medium Enterprises (SMILE):
    • Supports MSMEs in the manufacturing and service sectors.
    • Offers soft loans for technology upgradation, business expansion, and infrastructure development.
    • Provided by the Small Industries Development Bank of India (SIDBI).
  4. Stand-Up India Scheme:
    • Encourages entrepreneurship among women and SC/ST communities.
    • Facilitates loans ranging from Rs. 10 lakh to Rs. 1 crore for setting up greenfield enterprises.
    • Available through scheduled commercial banks.
  5. National Small Industries Corporation (NSIC) Subsidy Schemes:
    • NSIC offers various schemes, including raw material assistance, marketing support, credit rating services, and single point registration for government purchase.
    • Aims to enhance competitiveness and growth prospects for small businesses.
  6. Pradhan Mantri Mudra Yojana (PMMY):
    • Provides loans up to Rs. 10 lakh to micro and small enterprises.
    • Categorizes loans into three segments: Shishu (up to Rs. 50,000), Kishore (Rs. 50,001 to Rs. 5 lakh), and Tarun (Rs. 5,00,001 to Rs. 10 lakh).
    • Facilitated through various banks and financial institution