Government Schemes for Business Funding in India

Government Schemes for Business Funding in India 

The Government of India runs several schemes to help new and small businesses get funding, training and support. This page gives a simple overview so you know where to start.

PM Mudra Yojana: Collateral-free loans for small non-farm businesses through banks, NBFCs and microfinance institutions. Loans are grouped as Shishu, Kishor and Tarun, based on the amount.

Startup India: A government initiative that supports eligible startups through recognition, tax benefits, easier compliance and access to funding support.

Stand-Up India: Aims to help women and Scheduled Caste and Scheduled Tribe entrepreneurs get bank loans to start a new business in manufacturing, services or trading.

PMEGP (Prime Minister's Employment Generation Programme): A credit-linked subsidy scheme that helps people set up new micro enterprises.

Credit Guarantee Scheme for Micro and Small Enterprises: Gives lenders a guarantee so that small businesses can get loans without collateral.

How to get started: First, decide how much funding you need and what it will be used for. Second, prepare your documents, such as identity proof, business proof, bank statements and a simple business plan. Third, visit the official scheme website or your nearest bank branch and ask about eligibility.

Please note: Scheme limits, eligibility and rules change from time to time. Always confirm the latest details on the official government website or with the bank before applying.

Disclaimer: This page is for general information only and is not financial or legal advice. Trust Platform does not guarantee loan approval or any funding.