The Indian government offers a number of schemes to help entrepreneurs start and grow their businesses. Some of the most popular schemes include:
This scheme provides loans to unemployed youth to start small businesses. The loan amount can be up to ₹10 lakhs, and the interest rate is subsidized by the government.
Prime Minister's Employment Generation Programme
This scheme provides loans to small businesses with a turnover of up to ₹100 lakhs. The loans are available at low-interest rates and can be used for a variety of purposes, such as working capital, purchase of assets, and business expansion.
Micro Units Development and Refinance Agency (MUDRA) Loan Scheme
This scheme provides a number of benefits to startups, including tax breaks, mentorship, and access to funding.
Startup India Scheme
This scheme provides loans to SC/ST entrepreneurs to start businesses in rural areas. The loan amount can be up to ₹10 lakhs, and the interest rate is subsidized by the government.
Stand Up India Scheme
This scheme provides training and support to entrepreneurs. The training covers a range of topics, such as business planning, marketing, and finance.
National Entrepreneurship Development Programme
This scheme provides financial assistance to micro and small enterprises (MSEs) to upgrade their technology. The maximum loan amount under this scheme is Rs. 1 crore.
Technology Upgradation Fund Scheme
This scheme provides financial assistance to khadi and village industries. The maximum loan amount under this scheme is Rs. 10 lakh.
Scheme for Promotion of Khadi and Village Industrie
the Indian government also offers a number of other benefits to startups and entrepreneurs, such as tax breaks, and exemption from certain regulations.