5 Best Government Sources Getting Funding For Business Startups in India

How Will You Get Funding For Business Startups in India

For funding for the business, there are only a few organizations that are popular like angel investors. But if you are having a small business project, you hesitate to approach them.

Benefit of Getting Government Loans

Money is money, what matters if you borrow the loans from either the government or any private bank, right?

Before You Apply For The Government Loans For Startup Business

As the interest rates of the loans offered by the government are very minimal, and that is why thousands of people apply for the loan.

Mudra Loan Yojana

The first scheme of government that you should know is the Mudra Yojana. Mudra Yojana is for bottom-line people economically.

Mudra Loan Yojana

The first scheme of government that you should know is the Mudra Yojana. Mudra Yojana is for bottom-line people economically.

Types OfMudra Loan Yojana

There are three types of loans under the Mudra Yojana scheme which are as mentioned below. – Shishu Yoajna – Kishor Yoajna – Tarun Yojana

Shishu Yojana Loan Yojana

Under the Shishu Yojana, you will get a loan of Rs. 10,000/- to Rs 50,000/- to start your small startup business.

Tarun Yojana Loan Yojana

Under this scheme, You can get a loan of amount from Rs 5,00,000/- to Rs 10,00,000/- from the government to enlarge your business.

Standup India Scheme

The second-best scheme of the government to support the make-in-India startup is Standup India Scheme.

PMEGP – Prime Minister Employment Generation Program

PMEGP is also one of the best schemes from the government for setting up new businesses which provide you the loan amount with a subsidy as well.

CGTMSE Scheme

CGTMSE Scheme is a very special and interesting scheme that is only for small and micro-enterprises. If you are a medium or large enterprise, you are not eligible for this scheme.

Food Processing Business Scheme

If you are about to start a vegetable business, mushroom processing business, restaurant business, and other food processing businesses, you are eligible for this loan

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