WebHere are some fundamental eligibility criteria for startups seeking government funding: The startup must have operated in India for less than five years. The annual turnover should not exceed 25 crores. The business must be registered as an LLP or private limited … WebThe business loan granted under this scheme doesn’t need any collateral security. You can get the following loans under this scheme. Shishu Scheme – Get a loan for startup up to ₹50,000/- at a 1% rate of interest chargeable every month. The repayment period for this loan is 5 years. Kishore Scheme – The loan range is between ₹50,000 ...
Business Loan Interest Rates & Fees in India (Apr 2024) - Fullerton …
WebCredit guarantee support for collateral-free and no third-party guarantee loans up to Rs.2 Crore. The scheme provides guarantee cover of up to 85% of the sanctioned amount for eligible businesses that have taken loans from eligible institutions. The extent of cover is 85% for loans up to Rs.5 lakh and 50% for loans from Rs.10 lakh to Rs.1 crore. horror film swimming pool
7 Government Business Loan Schemes in India 2024 - Fullerton India
WebFeb 10, 2024 · The following ten schemes provide essential funding for start-ups and small enterprises: #1. The Pradhan Mantri MUDRA Yojana (PMMY) Also known as the Micro Units Development and Refinance Agency Ltd. (MUDRA) is a government-run scheme that provides loans to small businesses in India. WebJan 23, 2024 · Pradhan Mantri MUDRA Yojana (PMMY) Pradhan Mantri MUDRA Yojana (PMMY) is a scheme launched by the Hon’ble Prime Minister on April 8, 2015 for providing loans upto 10 lakh to the non-corporate, non-farm small/micro enterprises. These loans are classified as MUDRA loans under PMMY. WebMar 21, 2024 · 5. Coir Udyami Yojana: Coir Udyami Yojana is another subsidy scheme launched by the government of India. It is offered for setting up of coir units with project cost up to Rs 10 Lakhs plus one cycle of working capital, which shall not exceed 25% of the project cost. Under the Coir Udyami Yojana, working capital is not considered for subsidy. horror film synopsis examples