The Indianstartup ecosystem is creating unicorns at double the speed before, and the nation is at the core of the startup boom. In the past few years, the Government of India has launched numerous schemes, whose purpose is to support startups and push them to grow.
If you are a growing entrepreneur, then it is a perfecttime to kickstart your venture and converts your dream into reality.
MUDRA is an organization established by the government of India to supply financal support to micro-business units. Itprovides refinanced business loans, approved and disbursed through public sector banks, private sector banks, cooperative societies, and others.
SIDBI loan fund was launched to give soft loans to MSMEs to meet the needed debt-equity ratio for the establishment of new MSMEs and also to enable the growth forexisting ones.
StandupIndia scheme is for women and for those entrepreneurs who belong to SC and ST communities. It is available for Greenfield ventures in manufacturing, trading, and service units, ranging from 10 lacks to 100 lacks.
The NSIC subsidy is focused on funding small and medium enterprises that wish to enhance their manufacturing quality and quantity. This scheme presents two kinds of financial advantages – Raw Material Assistance and Marketing Assistance.
The CGTMSE is inaugurated to provide business loans to micro and small industries, with zero collateral. This means, through this scheme, new and upcoming startups can avail of loans at highly subsidized interest rates without presenting any security.
CLCSS supports small businesses to upgrade their process by financing technological up-gradation. The purpose of the CLCSS scheme is to reduce the cost of production of goods and services for SMEs and allow them to remain price competitive in local as well as international markets.
Bank Credit Facilitation Scheme aims to meet the credit needs of MSME units. Through syndication with different nationalized and private sector banks, the NSIC arranges for credit support from banks without any cost to MSMEs.
This schemeis headed by Atal Innovation Mission; it provides a grant-in-aid of Rs. 10 Cr toevery AIC. It was set up under the NITI aayog with a vision to provide financial aid and infrastructure assistance to different startups in sectors including technology hardware, healthcare, defense, agriculture, and many more.
This scheme assists the entire value chain of energy efficiency and sustainable development projects and leads to significant improvements in EE/CP/sustainable development in the MSMEs.
This scheme is run by the government of India in collaboration with SIDBI to give unsecured loans to businesses. You can borrow up to Rs.100 Lakh in term loans or working capital loans as per your eligibility and feasibility in 59 minutes.
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