Business Loans for Startups by the Indian Government?
You can avail a Startup business loan from a bank or a financial body in order to raise funds to start a business of your own or expand your current busine
1. Bank Credit Facilitation SchemeHeaded by the National Small Industries Corporation (NSIC), this scheme is targeted at meeting the credit needs of the MSME units.
2. Pradhan Mantri Mudra Yojana (PMMY)The scheme offers loan under three categories – Shishu, Kishor, and Tarun in amounts ranging between Rs.50,000 and Rs.10 lakh.
3. Credit Guarantee Scheme (CGS)
Up to Rs.2 crore can be borrowed under this scheme headed by the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE).
4. Standup India
Launched in April 2016 and headed by SIDBI, this scheme extends loans to enterprises in manufacturing, trading, or services. Under this scheme, loans ranging between Rs.10 lakh and Rs.1 crore can be availed.
5. Sustainable Finance Scheme
This scheme is also headed by the SIDBI and aims at offering loans to industries that deal in green energy, renewable energy, technology hardware, and non-renewable energy.
6. Psbloansin59minutes.com
you can avail loan amount of up to Rs.10 lakh under the Mudra Loan scheme, and Rs.5 crore under the MSME loan scheme.
7. Startup Business Loans By Bank
Startup business loans are of two types -– Line of Credit– Equipment Financing.
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Disclaimer: The information provided in this article is solely the author’s opinion and not investment advice – it is provided for educational purposes only.